Has Macy's Finally Turned The Corner?
Has Macy’s Finally Turned The Corner?gettyLike an injured wildebeest stalked by lions, Macy’s has been tempting the wolves of Wall Street for much of the past decade as the department store conglomerate steadily bled revenue and shed almost half its peak fleet of 850 stores. So, the company’s most recent quarterly earnings, showing the first sales growth in years, caught investors by surprise, triggering a stampede that drove the stock price up by more than 25% in two days.So far, the revaluation has held, ...