Macy’s profit and sales slip and it cuts profit forecast for 2025, but beats Q1 expectations

News Snapshot:

FILE - Cars are parked in front of a Macy's store at Hawthorn Mall in Vernon Hills, Ill., June 3, 2024.(AP Photo/Nam Y. Huh, file) NEW YORK – Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that the U.S. trade war will have on the company and its shoppers, trimmed its profit forecast for 2025. However, the New York retailer which also owns upscale Bloomingdale’s and the Bluemercury cosmetics chain, topped most performance expectations for the first three months of the year and maintained its sales forecast for...