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Earnings Outlook: What to watch for in Macy’s earnings

Macy’s Inc. will report second-quarter earnings on Thursday before the market opens.

The retailer attributed many of its first-quarter problems to a drop in tourism sales, but other factors including the “Amazon effect,” consumer shift to e-commerce, and traffic declines at the mall are also impacting the retail industry.

See also:The latest company to feel the ‘Amazon effect’ is not a bricks-and-mortar retailer

For the second quarter, issues may include markdowns and, as usual, the weather. But there are factors working in Macy’s M, -2.94% favor, like its real estate holdings. Looking beyond the second quarter, the back-to-school season could mark a good start to the second half of the year.

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