Macy’s lowers profit outlook after tough spring

Macy’s on Wednesday said that second quarter net sales fell to $5.55 billion from $5.57 billion in the year-ago quarter. Store comps on an owned plus licensed basis rose 0.3% after a 0.5% rise a year ago; on an owned basis only, comps, flat a year ago, rose 0.2%, according to a company press release.

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