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Macy’s online sales, net sales decline in Q2

Macy’s Inc. reported online sales declined 10% in the second quarter ended July 29, 2023. Net sales declined 8% during the period to $5.13 billion. Brick-and-mortar store sales also declined 8% over the year-ago period.  Despite lagging sales, Macy’s did manage to beat analyst expectations. However, the retailer’s declining sales are signs of deeper problems, […]

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