Macy’s stock falls as it cuts guidance in the face of ‘external uncertainties’

Macy’s stock was down 2% on Thursday after the retailer issued a profit warning as it faces “external uncertainties” amid turnaround efforts.

Macy’s

M said its lower-than-expected earnings expectations for the first quarter and full year reflect an unclear immediate future for customers and its core nameplate retail brands including Macy’s, Bloomingdale’s and Bluemercury.