Thursday, May 17, 2018

Macy's may have the winning retail formula

Macy's may have the winning formula in today's retail world. The department store giant beat earnings expectations Wednesday with a combination of reduced inventories, targeted market strategies and new merchandise.

"Macy's is investing for the future," Matthew Boss, retail analyst at J.P. Morgan, told CNBC on "Squawk Alley" Wednesday. . . . more

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