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Macy’s falls after cautious holiday quarter outlook; Kohl’s and Dillard’s are on watch (M:NYSE)

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Macy’s falls after cautious holiday quarter outlook; Kohl’s and Dillard’s are on watch (M:NYSE)
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David Cameron

Macy’s (M) fell in early trading on Wednesday after setting guidance for the crucial holiday quarter below expectations.

The department store operator sees Q4 sales of $7.35 billion to $7.50 billion (midpoint $7.425 billion) vs. $7.34 billion consensus. Q4 EPS of $1.35 to $1.55 (midpoint $1.45) is anticipated vs. $1.55 consensus. In a media



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