Background / Macy’s Tempers Annual Revenue View on Weak Demand for Pricier Goods
August 21, 2024
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Macy’s Tempers Annual Revenue View on Weak Demand for Pricier Goods
Undermining cost-saving efforts under new CEO Tony Spring, Macy’s has been forced to offer more discounts in some categories to attract lower and middle-income consumers struggling with high borrowing costs.