Macy's Stock Sinks as It Warns Underperforming Stores Will Hurt Results
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Macy's shares fell nearly 7% after the company warned that underperforming stores would negatively impact its fourth-quarter results.
January 13, 2025 | 5:15 pm
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Macy's shares fell nearly 7% after the company warned that underperforming stores would negatively impact its fourth-quarter results.
The warning from Macy's about underperforming stores affecting Q4 results directly led to a 7% drop in its stock price, indicating a negative short-term impact.
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