Macy's is in Serious Trouble
Donald Trump may have reason to gloat on Twitter again about the latest troubles facing Macy's, the iconic retailer that dumped Trump's clothing line last year. Macy's reported sales for the first quarter on Wednesday that fell more than 7 percent from a year ago and missed forecasts. The company also lowered its sales and earnings outlook for the year. Same-store sales have now fallen for five consecutive quarters.