Macy's Falls as Markdowns to Clear Inventory Cut Into Sales

Macy's Falls as Markdowns to Clear Inventory Cut Into Sales

(Bloomberg) -- Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Lose Traction After Megacap-Led Bounce: Markets WrapS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateWhile US shoppers are spending at stores like Walmart Inc

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