MACY'S Inc stock has fallen about 38% this year and is poised to close at its lowest level since January 2021 after reporting yet another slowdown in sales growth on Tuesday. But rather than punish one of the United States' oldest and best-known retailers, there are plenty of reasons investors might want to give the company another chance - albeit with a caveat. Although Macy's posted a net loss in the second quarter, store sales fell less than forecast. And the company has made headway in clearing out a bloated inventory, watching it fall 10% from a year earlier and plunge 18% from 2019.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-08-24-story-h-241896750-Macy_s_poor_quarterly_performance_masks_some_green_shoots_Leticia_Miran

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