Macy''s, Nordstrom cut profit views as excess inventory prompts discounts
Nordstrom Inc and Macy''s Inc cut their annual earnings expectations on Tuesday as a slump in demand from inflation-hit customers left the department store chains with excess inventory that would require steep discounts to move.
Macy''s, Nordstrom cut profit views as excess inventory prompts discounts
Nordstrom Inc and Macy''s Inc cut their annual earnings expectations on Tuesday as a slump in demand from inflation-hit customers left the department store chains with excess inventory that would require steep discounts to move.