Macy's posts earnings of 80 cents a share vs. 86 cents estimate

Wall Street had forecast Macy's would report earnings of 86 cents a share on revenue of $6.3 billion. The company's former chief merchandising officer, Jeffrey Gennette, became president in late March, while Starbucks executive, Annie Young-Scrivner, joined the department store chain's board of directors in late June.
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