{"id":13614,"date":"2023-08-22T11:14:33","date_gmt":"2023-08-22T11:14:33","guid":{"rendered":"https:\/\/isafespend.com\/investing\/macys-quarterly-profit-drops-on-higher-discounts\/"},"modified":"2023-08-22T11:14:33","modified_gmt":"2023-08-22T11:14:33","slug":"macys-quarterly-profit-drops-on-higher-discounts","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=13614","title":{"rendered":"Macy’s quarterly profit drops on higher discounts"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: The R.H. Macy and Co.flagship department store is seen in midtown New York, New York, U.S. November 11, 2015. REUTERS\/Brendan McDermid\/File Photo <\/span>
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(Reuters) – Macy’s (NYSE:) posted a drop in quarterly profit on Tuesday, dragged down by heavy discounting and elevated promotion to clear spring and early summer merchandise. The department store chain logged an adjusted net income of $71 million, or 26 cents per share, in the second quarter ended July 29, from $277 million, or $1 per share, last year. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: The R.H. Macy and Co.flagship department store is seen in midtown New York, New York, U.S. November 11, 2015. REUTERS\/Brendan McDermid\/File Photo (Reuters) – Macy’s (NYSE:) posted a drop in quarterly profit on Tuesday, dragged down by heavy discounting and elevated promotion to clear spring and early summer merchandise. The department<\/p>\n","protected":false},"author":1,"featured_media":10109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-13614","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nMacy's quarterly profit drops on higher discounts | iSafeSpend<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. FILE PHOTO: The R.H. 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