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0 0.000954198473282479 0.00349872773536894 0.00403944020356231 -0.000636132315521615 -0.00349872773536894 -0.00572519083969465 -0.00922391857506359
Stock impact report

3 New Ways Macy's Is Trying to Turn Itself Around [The Motley Fool]

Macy's Inc (M) 
Last macy's inc earnings: 2/25 06:55 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
Company Research Source: The Motley Fool
3 New Ways Macy's Is Trying to Turn Itself Around But will a cloud partnership, subscription rental service, and a clothing resale platform really win back shoppers? Macy's ( NYSE:M ) stock fell to a 10-year low this week after the company released a disappointing second-quarter report. Its comparable-store sales decelerated to nearly flat levels, and its adjusted EPS plunged 60% on more markdowns. Macy's full-year outlook for nearly flat comps growth and a 30% drop in earnings also indicated that it won't resolve its ongoing issues anytime soon. However, investors should still take a closer look at three ways Macy's is trying to fix its business. Macy's has been struggling to compete against Amazon and other e-tailers in recent years. Its digital sales rose by double-digits for the 40th straight quarter, but the unit still represents a tiny sliver of its overall sales. Macy's Backstage off-price stores are faring better than its namesake stores, but they still represent a small per Show less Read more
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