Macy’s And COSTCO Sound Warning On U.S. Economy
Posted By Peter Coyne | 2023-06-03 06:54:31
Macy’s, Costco and other major retail chains say shoppers are pulling back at their stores and changing what they buy.
Same-store sales at Macy’s sank 8.7% last quarter, while higher-end department store Bloomingdale’s dropped 3.9%.
That could be a red flag for the US economy.
