NEW YORK, Aug. 21 (Xinhua) -- Macy's Inc. narrowly missed analysts' expectations for its second-quarter revenue and revised its sales outlook downward for the remainder of the year on Wednesday, attributing the adjustments to intensified discounting by competitors and more cautious consumer behavior.
Sales for the quarter ending Aug. 3 declined by 3.8 percent to 4.9 billion U.S. dollars year over year, the department store operator reported.
