Home › REFILE-UPDATE 5-Macy's cuts full-year forecast, sends shivers through retail
 

Keywords :   


REFILE-UPDATE 5-Macy's cuts full-year forecast, sends shivers through retail

2015-11-12 13:24:51| Jewelry - Topix.net

Warm weather, low spending by tourists and a pileup of unsold inventory prompted Macy's Inc to cut its full-year forecast on Wednesday, raising wide concerns about the retail sector's financial health. Macy's in a quarterly report also said it would not create a real estate investment trust for its stores, disappointing some investors and helping to push down shares 14 percent for the day.

Tags: retail cuts forecast sends

Category:Consumer Goods and Services

Latest from this category

All news
06.10Firms urge mayor to rethink congestion charge plan
06.10Unholy row over plan to open island supermarket on Sundays
06.10Ex-cabinet secretary says 200,000 job is underpaid
06.10Will NI get new electricity link from Scotland?
06.10'Rightmove is my porn' - the addiction to online property search
05.10A 'painful' Autumn statement and a 'bright' Irish budget
05.10A 'painful' Autumn statement and a 'bright' Irish budget
04.10Should you tip even if the service wasn't worth it?
Consumer Goods and Services »
06.10Hurricane Milton Potential Storm Surge Flooding Map
06.10Hurricane Milton Probabilistic Storm Surge Graphics
06.10Hurricane Milton Graphics
06.10Hurricane Milton Forecast Discussion Number 6
06.10Hurricane Milton Wind Speed Probabilities Number 6
06.10Hurricane Milton Public Advisory Number 6
06.10Summary for Hurricane Milton (AT4/AL142024)
06.10Hurricane Kirk Graphics
More »