Macy's credit card delinquencies show tighter consumer wallets
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YahooYahoo Finance Video
Macy's credit card delinquencies show tighter consumer wallets
Macy's (M) revealed in its first quarter earnings report that more consumers with Macy's credit cards are falling behind on their payments. The company's credit card revenue was $117 million in its first quarter, a decline of $45 million from the prior year. This figure signals a weakening consumer as inflation remains sticky and wallets ...
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