Page 34 - Adrian Mitchell News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Reuters) -Macy's kept its annual forecasts unchanged despite its second-quarter results beating expectations on Tuesday, as it warned of weak consumer spending in the back half of the year that includes the crucial holiday shopping season. "The macro environment is having the lion's share of the impact on credit and is a real indicator of where we think the health of the consumer is...supporting our cautious approach," CFO Adrian Mitchell said on a post-earnings call. Its results also were affected by a faster-than-expected rise in the rate of payment delays in the credi...

(Bloomberg) -- Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Lose Traction After Megacap-Led Bounce: Markets WrapS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateWhile US shoppers are spending at stores like Walmart Inc

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

A position Macy’s Inc. created four years ago will now be handled by three people.

NEW YORK--(BUSINESS WIRE)--Aug 2, 2023--