It's Thursday, January 10th.

Welcome to Market Foolery.

I'm Matt Greer and joining me in studio, we have Motley Full, analyst Andy Cross

and Ron Gross, guys, a belated happy new year.

How are we doing?

And a very happy new year to you too.

All as well.

Thank you.

Well, we're going to be talking a lot of retail earnings, some good, and some Macy's.

And that's where we start.

Shares of Macy's down around 18% at the time of our taping.

Ron, weaker than expected holiday sales, Macy's cutting its earnings

outlook.

Now you are a former Macy's employee.

We're going to get to that later in the show.

We're going to get to that later in the show.

But what about the earnings?

You know, what to say? They're bad. They're actually not, they're not 18% bad, I kind of feel.

You have, you have anemic same-store sales growth, less than 1%, but you have growth, you don't have

contraction.

But I think Wall Street is focusing on all of the lowered guidance and that's fair.

You see net sales guidance coming down, earnings forecasts have been cut, the company has alluded to needing to be promotional to, as I say, ensure a clean

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