Macy’s now expects annual net sales of $22.1-billion to $22.4-billion, compared with its prior forecast of $22.3-billion to $22.9-billion
lowered its annual net sales forecast on Wednesday as inflation-weary customers hold back from spending on upscale apparel and accessories, sending shares of the department store operator down 10 per cent premarket.
The company now expects annual net sales of $22.1-billion to $22.4-billion, compared with its prior forecast of $22.3-billion to $22.9-billion.
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