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Is Macy's Circling The Drain?

SFGate, Tuesday, November 15, 2016 8 AM

The issues plaguing Macy's are the same that have brought Sears close to extinction: falling traffic, underinvestment in stores and a reliance on discounting to attract customers. On a positive note, Macy's said earlier this week that it's seeing improvement in its apparel sales and now expects same-store sales declines to slow in the fourth quarter.

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