Macy’s and Costco sound a warning about the economy
Major retail giants such as Macy’s and Costco have recently witnessed a noticeable shift in consumer behavior, indicating a potential concern for the overall health of the U.S. economy. Macy’s, in particular, revised its annual profit and sales projections downward due to a decline in customer demand throughout March. CEO Jeff Gennette acknowledged that the pullback by U.S. consumers, especially at Macy’s, exceeded their initial … Continue reading Macy’s and Costco sound a warning about the economy
