Drop in quarterly sales, and it lowered its Earnings Guidance for the year, something many investors dont want to see heading into the Holiday Season. And that sent shares lower, falling nearly 14 , its worst day since 2008. Courtney reagan has more on macys meltdown. Reporter for the second straight quarter, the magic was missing at macys. The Department Store beat profit expectations but reported disappointing sales and cut its fullyear earnings forecast. Ceo Terry Lundgren said many of the issues that plagued them during the year have gotten worse, including declining Tourist Spending at its highest volume and most profitable bigcity stores and unseasonably warm weather crimping sales of coldweather merchandise. The reality is, particularly in the northeast, it is much warmer this year than last. And so, we expect thats going to continue. Thats not going to those things are just not going to change dramatically, i dont believe. And at some point in time, you run out of days to sell
Drop in quarterly sales, and it lowered its Earnings Guidance for the year, something many investors dont want to see heading into the Holiday Season. And that sent shares lower, falling nearly 14 , its worst day since 2008. Courtney reagan has more on macys meltdown. Reporter for the second straight quarter, the magic was missing at macys. The Department Store beat profit expectations but reported disappointing sales and cut its fullyear earnings forecast. Ceo Terry Lundgren said many of the issues that plagued them during the year have gotten worse, including declining Tourist Spending at its highest volume and most profitable bigcity stores and unseasonably warm weather crimping sales of coldweather merchandise. The reality is, particularly in the northeast, it is much warmer this year than last. And so, we expect thats going to continue. Thats not going to those things are just not going to change dramatically, i dont believe. And at some point in time, you run out of days to sell
Drop in quarterly sales, and it lowered its Earnings Guidance for the year, something many investors dont want to see heading into the Holiday Season. And that sent shares lower, falling nearly 14 , its worst day since 2008. Courtney reagan has more on macys meltdown. Reporter for the second straight quarter, the magic was missing at macys. The Department Store beat profit expectations but reported disappointing sales and cut its fullyear earnings forecast. Ceo Terry Lundgren said many of the issues that plagued them during the year have gotten worse, including declining Tourist Spending at its highest volume and most profitable bigcity stores and unseasonably warm weather crimping sales of coldweather merchandise. The reality is, particularly in the northeast, it is much warmer this year than last. And so, we expect thats going to continue. Thats not going to those things are just not going to change dramatically, i dont believe. And at some point in time, you run out of days to sell
Martinez, cbs 2 news. It was a very different reaction to the same threat here in new york. It was business as usual today at nations largest Public School district. Cbs 2s dick brennan is here to explain. Reporter not always easy to explain, but we can tell you, how could two cities respond so differently to a similar close to identical email threat . Mayor de blasio called the email outlandish. Commissioner bratton said l. A. Overreacted. Sources say the email came from someone who claimed he was bullied as a student in schools on both coasts. The email says, 138 comrades would attack new york schools with Pressure Cooker bombs, nerve gas agents, machine pistols and machine guns. The email said, quote, the students at every school in the new York City School district will be massacred, mercilessly, and there is nothing you can do to stop it. We do have an investigation under way but its an investigation into a hoax. Reporter Police Commissioner bratton says the and l. A. Same but bra
Resident Marshall Pfeiffer was taken into Police Custody today. Kron4s alecia reid joins us live with more on the serious charges he is facing. Reporter every single student i spoke with is in complete shock this evening that the english teacher they know and respect, is now in jail for possessing child porn. Is hard to really think about it. Reporter students are shocked to hear teacher, Marshall Pfeiffer was arrested for child porn. \ i think that his career, teacher. This is just surprising. Reporter was one of their favorite teachers. Pfeiffer recently after teaching there for 25 years. I never heard anything bad about him. Reporter after a lengthy investigation, a knock on resulted in his arrest. Police say child porn was found on his computer. A number of agencies across the bay area took part in the investigation. The School District continues to work with police, saying theres no evidence that suggests the former teacher took part in any illegal activity during his years at the