Macy’s posts lower profit, cuts full-year outlook
Thursday, August 14th, 2008 Macy’s Inc (M.N) reported a 1.4 percent decline in quarterly profit and cut its fiscal-year earnings forecast, warning that cutbacks in U.S. consumer spending could push sales down further at its stores.
The department store operator said it expected a profit of $1.70 to $1.85 per share before one-time items for […]