Don't Buy Macy's Until These 3 Things Happen

Don't Buy Macy's Until These 3 Things Happen

Macy's (NYSE: M) shares may look tempting after losing 61% since the beginning of the year. Prior to the coronavirus outbreak, Macy's was already struggling with problems such as declines in mall traffic and online competition. Post the global coronavirus outbreak, Macy's faced new problems, including temporary closure of stores and consumers' focus on stockpiling necessities, rather than shopping for clothing or jewelry.