Macy’s shares slide as retailer says consumers will be cautious the rest of the year
Macy's on Tuesday signaled consumers will be pickier and more price-driven in the back half of the year, even as the retailer topped Wall Street's quarterly expectations. The company's shares fell more than 8% in early trading, as the department store operator stood by its conservative full-year guidance. It said it expects comparable owned-plus-licensed sales to fall 6% to 7.5%…