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Macy’s stock was down 3.1% in premarket trading on Thursday after the retailer issued a profit warning as it faces “external uncertainties” amid turnaround efforts.
Macy’s
M said its lower-than-expected earnings expectations for the first quarter and full year reflect an unclear immediate future for customers and its core nameplate retail brands including Macy’s, Bloomingdale’s and Bluemercury.
This post was originally published on Market Watch
