Analysis Of Macy's

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The following article expands on Macy’s plans to push its best stores upscale, due to a slowing department store business dropping an astonishing 0.7% to $6.23 billion in 3 months. Consequently Macy’s is looking to get out of the middle of the retailing road with a plan to add more upscale merchandise at its top 150 stores. According to The Wall Street Journal, some analysts have been predicting that pent up demand from shoppers would lift retail sales. It says that Macy’s has already started making changes at its Herald Square store (SUZZANE KASPNER). According to Suzanne Kapner, retail sales have been down in the past five months, a trend that could weigh on the broader economy. Sales at Macy’s empire slipped 0.1% weaker than the 2% growth
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