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Macy's has seen a slowdown in the share of shoppers who complete a purchase in their stores, as the company is putting pricier items on its shelf. Executives say on a call with analysts that conversion was lower in the second quarter, despite higher average unit revenue and greater traffic in store…
Macy's said second-quarter net sales, comparable sales, adjusted EBITDA and adjusted diluted EPS all exceeded guidance. The company reported 2.7% comparable sales growth and said adjusted EPS was 63 cents, helped by tariff refunds.