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Macy's forecasts annual sales below estimates, to shutter 150 stores
Macy's forecasts weak sales and plans to close 150 stores as part of a turnaround plan. They aim to monetize assets, face a proxy battle, and have previously closed stores. In the holiday quarter, sales declined and a $1 billion charge led to a loss per share. Macy's fiscal 2024 sales and earnings are below expectations.
Macy's forecasts weak sales and plans to close 150 stores as part of a turnaround plan. They aim to monetize assets, face a proxy battle, and have previously closed stores. In the holiday quarter, sales declined and a $1 billion charge led to a loss per share. Macy's fiscal 2024 sales and earnings are below expectations. 
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