The retailer posted a 2.1% same-store sales decline, and lowered earnings guidance, as it continues to struggle with the shift to online shopping.
Is Macy's making a comeback?
The luxury jeweler cut its earnings guidance for the fiscal year ended January 31, lowering adjusted earnings by about 10%.
The National Retail Federation said that holiday sales should increase 3.7%, to $630.5 billion, this year, a deceleration from 2014's growth.
Deloitte expects stagnant wages to slow sales growth but sees no marked impact from stock market volatility.
