Macy's has revised its fourth-quarter sales outlook, projecting net sales to be at or slightly below the low end of its previous guidance of $7.8 billion to $8.0 billion. Comparable sales are expected to remain roughly flat quarter-to-date. The retailer anticipates adjusted earnings per share (EPS) to align with its forecast of $1.40 to $1.65. Despite some sales growth at its first 50 stores, Bloomingdale’s, and Bluemercury, overall performance has been impacted by weaker results at non-First 50 locations. The announcement has led to a decline in Macy's stock, which fell by approximately 3% following the news. Additionally, Macy's executives noted that while upper-end consumers appear to be doing well, lower and middle-tier customers are expressing concerns about pricing.