Macy’s trims outlook as shoppers cut back

Macy’s trims outlook as shoppers cut back

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Shoppers walk into a Macy's department store

Shoppers walk into a Macy’s department store Feb. 22, 2021, in Doral, Florida. Macy’s, like other retailers, is facing a glut of inventory as inflationary pressures make shoppers pull back. (AP Photo: Wilfredo Lee)

August 23, 2022
3:36 pm

Macy’s trimmed its expectations for the year Tuesday despite topping second quarter expectations as it faces a glut of unsold inventory that has afflicted almost the entire retail sector.



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