Macy's stock fell as Target's weak earnings report and lowered guidance sparked concerns about broader retail challenges. Investors fear similar inventory and cost pressures could impact Macy's ahead of the holiday season.
Henry Khederian is an Editor at Business Insider. He specializes in finance and trading, with a focus on cryptocurrency, blockchain, and the broader implications for markets including aviation, energy, and commodities. Henry's insights and analyses have been featured in prominent publications such as Business Insider, Cigalah Group, and Benzinga.