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Macy’s online sales growth fails to overcome accelerating declines at stores

(Bloomberg)—As Americans abandon department stores, sales at Macy’s Inc. and Kohl’s Corp. are falling even faster than Wall Street expected. Disappointing results from the two chains sent a broader swath of stocks tumbling Thursday, with investors growing more pessimistic on the beleaguered industry. Macy’s, No. 6 in the Internet Retailer 2017 Top 500, suffered its […]

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