S&P Sacks Macy’s – Macy’s, Inc. (NYSE:M)


Source: Fortune Traditional retailers have been facing headwinds for a while. Some have to choose between culling underperforming stores, cutting headcount, and selling real estate in order to stay afloat. S&P recently downgraded Macy’s (M) to junk status, which could accelerate the company’s restructuring plans: Pressure is mounting on Macy’sRead More →