Macy’s Shares Drop 14% on Weak Holiday Sales
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.
Macy’s Misses Estimates But Stock Climbs 5.6%
CEO Terry Lundgren suggested retail trends are improving and Macy's would meet expectations for its next quarter.
Macy’s Shares Rise 17% on Store Closure Plan
"There has to be a rationalization and we're not waiting anymore," Macy's CEO says of the plan to close 100 stores.