Rising Economic Pressure Around US Retail
Bloomberg Businessweek
00:00
Macy's Sells Off
Macy's was down about 5, 6% at its lows today. So why do you think Macy's sold off? I know why they sold off initially. And then why doyou think they rallied? Is it just the market bounce? I found that hard to believe because it was a pretty substantial low. Mary: One interesting point is that employment still remains strong. It has got to be a concern, especially at the lower end of the economic spectrum. If they don't have money packed away like, you know, wealthier consumers,. That's exactly what we're seeing here.
Play episode from 04:09
Transcript
