Macy’s quarterly profit and sales fall but it raises guidance with declines limited

NEW YORK (AP) — Macy’s profit and sales slipped in the second quarter with the department store grappling with customers that have grown cautions about spending, as well as higher costs from President Donald Trump’s tariffs. Get stock market alerts: Sign Up Yet the New York retailer raised its outlook for the year after beating Wall Street expectations and it posted its best comparable store sales in three years. The surprisingly strong same-store sales figure underscores Macy’s efforts to improve customer service and its merchandise. Macy's is grappling with an uncertain economic backdrop, particularly because of the tariffs, and said…