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Los Angeles / Macy / Ira Kalb / Judy Johnson #1176172

CBS Evening News for Thursday, May 12, 2016
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This week's earnings reports from retailers confirm what empty parking spaces have been suggesting. Sales are in a slump. Coles said profits dropped 87 percent last quarter Macy's says its first quarter income was down 40 percent. Carter Evans with more on this. This is what's left of this year in San Mateo California. One of nearly 300 stores its parent company has closed over the last two years. Sears chairman says it's a victim of disruptive changes from online competition. And it's not the o...
Reporter(s):
Carter Evans
Duration:
00:02:20

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