Blaming 'Confluence Of Factors,' Macy's Misses Earnings Targets

May 14, 2015   |   May 2015 Bond Updates
A West Coast port slowdown, bad winter weather and penny-pinching tourists: these are a few of Macy's least favorite things following a disappointing performance in the first quarter of 2015. The retailer reported lower-than-expected top and bottom line Q1 results Wednesday morning, due largely to what the company is calling a "confluence" of the aforementioned factors. As a result of its earnings and revenue missing Wall Street's targets for the quarter, shares of Macy's are down in early Wednesday trading.

View more at: http://www.forbes.com/sites/maggiemcgrath/2015/05/13/blaming-confluence-of-factors-macys-misses-earnings-targets/
 
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