12.08.2015 - Macy's reported weak results
American retailer Macy's on Wednesday posted forecast on a reduction of sales and that are expected to fall by 1% against the forecasted of growth by 1% in the previous year. At the same time, sales in the company's stores fell by 2.1% in the second quarter. In general income fell to 217 million dollars against 292 million dollars a year earlier. Sales fell by 2.6% to $ 6.1 billion against the expected 6.23 billion. We expect a decrease in the share price of the company in the near future, but in October, a positive trend can be resumed due to the increase in sales before the holidays.