Macy's forecasts annual sales below estimates, to shutter 150 stores

Macy's forecasts weak sales and plans to close 150 stores as part of a turnaround plan. They aim to monetize assets, face a proxy battle, and have previously closed stores. In the holiday quarter, sales declined and a $1 billion charge led to a loss per share. Macy's fiscal 2024 sales and earnings are below expectations.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/eupHRa1