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Macy's is yet another with a warning on the economy just in time for the payroll numbers on February. They were a disaster if hardly anyone saw the true scale of it. Macy's might have a sense, as do other retailers. The data shows there really is big time trouble brewing in the jobs market.

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WSJ Macy’s Expects Sales to Drop Again This Year
https://www.wsj.com/business/earnings/macys-q4-earnings-results-m-stock-d3da1b6a

CNBC U.S. payroll growth totals 151,000 in February, less than expected
https://www.cnbc.com/2025/03/07/jobs-report-february-2025.html

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