Macy’s raises its annual outlook after another quarter of sales growth
Macy’s ($M) increased its full-year sales and earnings forecasts after second-quarter net sales rose 1.1% to approximately $4.9 billion. Comparable sales increased 2.7%, while the go-forward business — the locations and digital operations retained in its strategy — grew 2.8%. The group reported growth across its retail nameplates, with its upgraded Macy’s stores and luxury operations contributing to the improvement. Management now expects annual net sales of $21.675–21.825 billion and adjusted d
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