Macy's CFO says the American consumer is still healthy, but lower-income shoppers could soon cut back - CNBC

"We're seeing oil prices escalate, which will only elevate the expenses around essential goods," said Macy's CFO Adrian Mitchell.
Macy's says the American consumer is still healthy and spending. But, as escalating oil prices translate into higher prices at the gas pump and bigger grocery bills, the department store chain said i… [+1840 chars] Read More