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Boston Globe (January 10)

2019/ 01/ 12 by jd in Global News

“Many investors had expected department stores to enjoy robust sales over the holidays in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and cheap gas.” Lackluster results from Macy’s and Kohl’s sent “retail stocks into a tailspin… calling into question whether such mall-based chains can compete in a changing landscape where shoppers are shifting more of their spending online.”

 

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