Macy’s swings to a profit in 2Q but sales weaken due to a “more discriminating consumer”

Macy’s swings to a profit in 2Q but sales weaken due to a “more discriminating consumer”

Macy’s swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers rein in spending, with their focus increasingly on buying the essentials.

ANNE D’INNOCENZIO

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