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    Macy’s forecasts annual gross sales under estimates, to shutter 150 shops

    February 27, 2024 - By how finance works

    NEW YORK: Macy’s forecast annual gross sales under market expectation on weak demand for its attire and footwear and stated it could shut 150 shops by 2026 in a brand new turnaround plan, sending its shares down about 3% earlier than the bell on Tuesday. The retailer didn’t present particulars…

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