Macy’s swings to a profit in 2Q, but sales weaken due to a ‘more discriminating consumer’
Inflatie
NEW YORK (AP) — Macy’s swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers rein in spending, with their focus increasingly on buying the essentials. The company, which also operates upscale Bloomingdale’s stores and cosmetics chain Bluemercury, cut its annual sales forecast given what it called “a more discriminating consumer” and the need to roll out more sales to entice them. The company reported a profit of $150 million, or 53
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