3 New Ways Macy's Is Trying to Turn Itself Around
Macy's (NYSE: M) stock fell to a 10-year low this week after the company released a disappointing second-quarter report. Its comparable-store sales decelerated to nearly flat levels, and its adjusted EPS plunged 60% on more markdowns.
Macy's full-year outlook for nearly flat comps growth and a 30% drop in earnings also indicated that it won't resolve its ongoing issues anytime soon. However, investors should still take a closer look at three ways Macy's is trying to fix its business.
Image source: Macy's.
Source Fool.com
