Shares of Macy's, Inc. (M) have come under significant pressure following its second-quarter fiscal 2024 earnings results on Aug 21. On the day of the announcement, the stock of this New York-based retailer tumbled 12.9%, led by a disappointing sales performance that compelled management to lower its fiscal 2024 outlook, dampening investor sentiment.As consumer spending on non-essential items weakens, Macy's, which is heavily reliant on discretionary spending, reported a 3.8% year-over-year revenue decline ...