By
admin
#article_normal, #C&E Industry News Filter, #Clothing Stores, #consumer, #consumption statistics, #Content Types, #Corporate, #Corporate/Industrial News, #Department Stores, #Earnings, #Earnings Surprises, #expected, #Factiva Filters, #Financial Performance, #Headline-Only Content, #industrial news, #JWN, #M, #Macy's Inc., #Macys, #Management, #Marketing, #Markets, #Markets/Marketing, #Mixed Retailing, #Nordstrom, #Nordstrom Inc., #outlooks, #Retail, #Retail/Wholesale, #Senior Level Management, #slow, #Specialty Retailing, #Spending, #usage, #Usage/Consumption Statistics, #Wholesale
Macy’s Inc. and Nordstrom Inc. became the latest retailers to lower their financial goals for the year, citing risks of a steeper economic downturn and slowdown in consumer spending.
Macy’s
M,
the biggest U.S. department-store chain, on Tuesday said it was also adjusting its forecast to reflect markdowns and promotions the company thinks will be needed to get rid of old inventory.
