(Reuters) – Macy’s Inc (M.N) lower its full-year earnings forecast on Wednesday after lacking estimates for quarterly revenue for the primary time in no less than two years, because it discounted merchandise closely to clear spring stock, sending its shares down as a lot as 18%.

FILE PHOTO: The Macy’s emblem is pictured on the aspect of a constructing in down city Los Angeles, California, U.S., March 6, 2017. REUTERS/Mike Blake/File Picture

The most important U.S. division retailer operator, whose flagship constructing in Manhattan is a serious vacationer attraction, blamed a bigger-than-expected decline in vacationer spending for the shortfall together with weak demand for…

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