Macy's warning on margins hits department store shares

June 6, 2017 by  
Filed under News

CHICAGO (Reuters) – Macy’s Inc margins could end the year as much as 80 basis points lower than in 2016, Chief Financial Officer Karen Hoguet warned on Tuesday in comments that sent shares of the department store chain sliding to five-year lows, and also pressured other retail stocks.

Source: Reuters Business News

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