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Kiplinger
Kiplinger
Business
Joey Solitro

Macy’s Sales Slide As Retailer Issues ‘Cautious' 2023 Outlook

Macy Jeff Gennette
Woman shopping for accessories in a store.

Macy’s (M) second-quarter revenues fell amid declines across its in-store, online, brick-and-mortar and digital businesses as well as its credit card segment due to delinquencies.

The retailer's sales and earnings results beat expectations, however, helped by clearance markdowns and promotions.

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