Reported about 2 months ago
Macy's is set to release its Q2 earnings report, marking its first after rejecting a $6.9 billion buyout offer. Analysts expect a revenue dip to $5.06 billion and a minor decline in same-store sales, while the company focuses on its turnaround strategy dubbed 'A Bold New Chapter.' With ongoing challenges from inflation and competition, Macy's plans to refine its operations and invest in digital sales, all while facing a challenging retail environment.
Source: YAHOO