12.05.2016 - Quotes of Macy's will decline after weak results for Q1
Macy's price will decline after the publication of weak report for the 1st quarter of this year. Thus, the retailer for the period showed a decline in profits to 115 million dollars against 193 million dollars in the same period last year. Revenues for the 1st quarter totaled 5.8 billion dollars, that is 0.4 billion worse than last year's result. The company expected the reduction in sales by 3-4% this year. The fall of the stock is likely to continue due to lower sales volume.