Macy’s Sinks 5% Despite Raised Full-Year Outlook, Kohl’s and TJX Barely Budge

Shares of Macy’s, Inc. (NYSE:M) are down 5% to $20.45 in early Thursday trading. The slide arrives despite a fiscal second-quarter beat and a raised full-year outlook that the company delivered before the open. The reaction looks company-specific, since retail peers are barely moving on the same session. That locates the response inside Macy’s own […]