Macy's Stock Sinks as It Warns Underperforming Stores Will Hurt Results

1. Macy's fourth-quarter results are negatively impacted by weak store performance. 2. The company predicts flat comparable store sales and lower overall sales. 3. Macy's plans to close 150 locations over three years due to low sales. 4. Macy's shares fell nearly 7% following the announcement of its Q4 guidance. 5. CEO claims the 'Bold New Chapter' strategy aims for sales improvement.