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Thursday, January 3, 2013 - 11:08am
Macy's to Close Five Stores After Lowering Guidance
Macy's (NYSE: M) has announced that it will close five stores and one Bloomingdale's location after lowering its Q4 guidance. The company had previously expected to report a fourth-quarter EPS of $1.94 to $1.99. Macy's now believes that it will announce an EPS of $1.91 to $1.96, while analysts...
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