Macy’s likely to keep losing market share, says UBS

UBS tells investors in a research note that Macy’s (M) is likely to continue to lose market share due to sizeable challenges vs. peers around price, product and service, with the Q4 report reinforcing the firm’s conviction. Earnings should remain pressured over the next few years, and consensus EPS should more lower over the near-term as weak sales and opex deleverage pressure earnings, the firm says.