Reginal Thomas
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Macy's Sales Fall

Macy's Inc. (NYSE: M.N) reported a decline in sales today and blamed it on consumer's hesitation to spend on things they don't really need immediately, which lead to more markdowns on prices and a loss in profits.  

Shares fell 4.1% down to $46.45 today. This isn't really a surprise earlier this year the retailers warned that its customers were being causious about spending money again, and rightfully so. The economy is still growing but at the same pace a snail crosses the street. Yeah, more people have jobs but those jobs aren't really paying big bucks its going to be a while before someone or anyone in this economy is going to feel comfortable about buying $100 jeans to go with the new $80 tee shirt they've been eyeing.