Macy's 2Q Results Disappoint as Outlook Worsens

The video discusses Macy's recent earnings report, highlighting a significant drop in stock prices and earnings per share, which fell below analyst estimates. The company also reduced its full-year profitability forecast. Macy's faces challenges with lower margins and a promotional environment, particularly in women's sportswear. The holiday season is crucial for sales, but new tariffs could impact performance. The Trump administration's decision to delay some tariffs offers temporary relief, but uncertainties remain.

What did Macy's cut in their full year profitability forecast?

What impact did the Trump administration's decision on tariffs have on Macy's?