By  on August 14, 2019

Macy’s Inc. led a retail stock sell-off Wednesday, kicking off the second-quarter retail earnings season with a profit miss and a warning for the second half.

But behind the numbers, there were signs of continued movement at Macy’s Inc. as chairman and chief executive officer Jeff Gennette embraced resale with a pilot that brings thrift store ThredUp to 40 stores for back to school. He also said that the Bloomingdale’s ‘My List’ subscription rental business, which is being launched with CaaStle, could ultimately lead to a rental concept at Macy’s as well.

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