Macy’s poor quarterly performance masks some green shoots

If Macy’s is going to get back on solid footing the time would be now. Its next big debt maturity – US$3bil – doesn’t come until 2027, giving the company some breathing room to improve sales growth and margins. — AP

MACY’S Inc stock has fallen about 38% this year and is poised to close at its lowest level since January 2021 after reporting yet another slowdown in sales growth on Tuesday.

But rather than punish one of the United States’ oldest and best-known retailers, there are plenty of reasons investors might want to give the company another chance – albeit with a caveat.