Retail giants Target (TGT) and Macy's (M) both reported second quarter earnings on Wednesday. Target claims it will keep its 'measured outlook,' and Macy's...
) both reported second quarter earnings on Wednesday. Target claims it will keep its"measured outlook," and Macy's reported a 3.8% decrease in net sales. What does this mean for the sector and what does it signal about the consumer?
Meanwhile, today we also had TJ X reporting and TJ Maxx numbers were the mirror opposite, You know, they were excellent today, so their com stores are up 4% for for for the for the quarter.That's kind of the eating department stores alive. And I thought it was interesting that Tony Spring, the Macy's CO who just took over in February, said, uh, they are two quarters into a three year plan.
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