Macy’s is blaming “warm weather” and “low spending from tourists” for a massive drop in sales and excessive on hand inventory, which has now caused them to cut their full-year sales forecast.
However, given the severity of the backlash against Macy’s over their initial disparagement’s of Donald Trump [June/July 2015], and considering the ongoing visible impacts of “Cold Anger” – perhaps this is more an effect of boycotts AND/OR weather.

(Reuters) […] Macy’s Chief Executive Terry Lundgren said on a conference call he was not happy with the company’s performance in the quarter ended Oct. 31.
Sales at stores open at least a year fell 3.6 percent in their third straight quarterly decline. Analysts on average had expected 0.2 percent growth, according to research firm Consensus Metrix. (more…)





