(Reuters) – Macy’s missed market expectations for quarterly revenue on Wednesday as lingering weakness in U.S. consumer spending hurt demand for big-ticket, non-essential goods.
The company’s second-quarter net sales fell 3.8% to $4.9 billion, compared with analysts’ expectations for a 0.23% fall to $5.12 billion, according to LSEG.
(Reporting by Juveria Tabassum; Editing by Devika Syamnath)
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