NEW YORK — Macy's is reporting a 26 percent drop in profits and a sales shortfall after it was hobbled by weak tourist spending and West Coast port delays in the second quarter.

Macy's earned $217 million, or 64 cents per share, in the quarter ended Aug. 1. That compares with $292 million, or 80 cents per share, in the year-ago period.

Revenue was down 2.6 percent to $6.1 billion from $6.26 billion.

Analysts had expected 76 cents per share on sales of $6.22 billion, according to FactSet.

View Comments

Macy's also said Wednesday that it plans to beginning selling goods in China this year through Alibaba, the giant online retailer.

Join the Conversation
Looking for comments?
Find comments in their new home! Click the buttons at the top or within the article to view them — or use the button below for quick access.