Macy’s cuts profit outlook
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- October
- 10
Slower consumer spending also is hurting Macy’s Inc., the department store operator with a major presence in the Lower Hudson Valley. Macy’s lowered its 2008 earnings forecast to $1.30 and $1.50 per share, down from earlier expectations of $1.70 and $1.85 per share. Macy’s added that sales at stores open for at least a year have dropped 3.2 percent in 2008.
This entry was posted
on Friday, October 10th, 2008 at 1:48 pm by Jay Loomis.
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