Macy's Q2 Merchandise Inventories Down 10% YoY
Portfolio Pulse from Benzinga Newsdesk
Macy's has reported a 10% year-on-year decrease in its Q2 merchandise inventories.
August 22, 2023 | 10:57 am
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Macy's reported a 10% YoY decrease in Q2 merchandise inventories, which could indicate a successful inventory management or lower demand.
A decrease in merchandise inventories could be a result of successful inventory management, which would be a positive sign for investors. However, it could also indicate lower demand, which would be a negative sign. Without further information, it's difficult to determine the exact impact on the stock price.
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