By and  on August 14, 2013

Disappointing sales and earnings from Macy’s Inc. weighed on retail stocks today.

Shares of the department store fell 4.5 percent to $46.33 after it reported a 0.8 percent second-quarter sales decline and earnings per share of 72 cents, significantly below the 79 cents analysts projected and the company’s first miss since 2007.

load comments
blog comments powered by Disqus