This summer has been a rough period for retailers reporting earnings results -- and Macy's (NYSE:M) was no exception. The department store surprised investors by logging its first quarter of shrinking sales growth in years. Was that drop just a sign of more weakness to come?
In the following video, Fool contributor Demitrios Kalogeropoulos argues that investors shouldn't get too worked up about Macy's second-quarter miss. The company was hurt by trends that were affecting the entire industry last quarter, and it has a good plan in place for going after growth for the remainder of 2013. Overall, Macy's looks like a good value in a struggling industry, he says.
Fool contributor Demitrios Kalogeropoulos has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.