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Macy’s Earnings Cast Pall Over Retail

Disappointing first-quarter results at Macy’s called into question consumer confidence and their willingness to spend, sending retail stocks sharply lower yesterday.

“Things went from bad to worse at Macy’s in the first quarter, with the department store giant reporting a 7.4 percent plunge in revenue as customers didn’t spend like the retailer hoped they would in key categories such as apparel.”

Read More at the Washington Post