The Traderszone Network

Published in TZ Latest News 19 June, 2016 by The TZ Newswire Staff

Macy’s is more of a real estate company than a retailer

Over the past year and a half, Macy’s financial performance has been sobering, to say the least. Like fellow department store companies Kohl’s and Dillard’s, Macy’s has reported a double-digit drop in earnings per share since the beginning of 2015. Macy’s revenue has declined by more than 5 percent in that time span, which was worse than either Kohl’s or Dillard’s. Due to this rapid reversal in EPS, shares of all three companies have plummeted … [more]

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