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What to Look For When Macy's (M) Reports Q2 Earnings

NEW YORK (TheStreet) -- Shares of Macy's (M) were slumping in mid-afternoon trading on Tuesday as the company is expected to report second quarter results before Thursday's opening bell.

Wall Street is looking for the Cincinnati-based department store to post earnings of 45 cents per share on revenue of $5.74 billion.

For the 2015 second quarter, Macy's reported earnings of 64 cents per share and $6.1 billion in revenue.

Macy's experienced slow department store sales last month despite improving trends in May and June, causing the department store to be more aggressive with markdowns, Cleveland Research said.

Analysts at Morningstar Investment Service...