Note all the exclusions, including "Morning Specials." Stand in Macy's, and look around at the veritable SEA of "Morning Special" signs. Virtually everything that's on sale is marked "Morning Special." Now, stand by any register, and watch the stream of unhappy customers being told that the coupon doesn't apply to what they're buying. Seriously, I'd be surprised if 20% of the sale/clearance items in the store are actually eligible for the coupon. It's a total scam.
Not so. I've gone twice this month to the "One Day Sale" using said coupon. With the exception of a pair of Alfani dress shoes, a couple of pairs of pj's and a hoodie (all on sale), everything was on clearance. Didn't have a problem with the coupon taking off of anything, even the shoes. Only problem I had was using two coupons back to back.
You may laugh at my couponing, but you pay for stuff that I get for free.