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.