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M - Macy's: A Sell On Rising Credit Card Delinquencies
Macy's Inc
2024-04-17 23:09:03 ET
Summary
Macy's shareholders should prepare for more pain as the company faces store closures, falling profits, and a highly competitive retail environment.
Rising credit card delinquencies pose a significant risk to Macy's, as it derives a significant income from profit-sharing agreements with partner banks.
Macy's operates in a highly competitive retail landscape, facing challenges from traditional brick-and-mortar stores as well as online retailers.