We use cookies to give you the best online experience. By using our website you agree to our use of cookies in accordance with our cookie policy.

list of NY corporations

Macy’s shares tumble as discounting slams margins


Macy’s reported a higher-than-expected rise in quarterly profit, as it continued to close stores and keep a tight leash on inventory in a gloomy US retail industry. However, gross margins at both companies slipped as they continued to offer discounts and promotions to woo customers to their stores. Macy’s gross margins fell to 40.3 percent...
read more

Source: New York Post


16:11, August 10, 2017 Reuters

News