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A Retail Laggard to Avoid

08.17.2019

Macy’s (M) is not just another fixture of the American mall; it’s been around for over 160 years and has amassed 680 stores for its brand of affordable quality fashion. It was such a popular retailer that the company coined itself as “America’s store for life.” However, that might not be the case anymore. Based on the company’s second-quarter earnings report, which was released on August 14, it seems that shoppers may be moving on from their “store for life.”

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