What Affected Macy’s Margins in the First Quarter

Sharon Bailey
What Affected Macy’s Margins in the First Quarter

Goldman Sachs Upgrades Macy’s Stock after Its Q1 Results(Continued from Prior Part)What dragged on Macy’s gross margin?Macy’s (M) gross margin contracted ~80 basis points to 38.2% in the first quarter of fiscal 2019, which ended on May 4. The