Macy’s Inc. joined the chorus of U.S. retailers reporting lackluster sales in the fourth quarter of 2024 in a challenging environment, sending its shares lower on Wall Street.
This week, the owner of brand-name retail stores including Macy’s, Bloomingdale’s, and Bluemercury, reported a 5.3 percent decline in net sales, with comparable sales down 1.9 percent on an owned basis and down 0.9 percent on an owned-plus-licensed-plus-marketplace basis.