Macy's warns holiday-quarter sales will come in light, citing squeeze on shoppers' wallets

Macy's warns holiday-quarter sales will come in light, citing squeeze on shoppers' wallets

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CEO Jeff Gennette said Macy's put up strong Black Friday and Cyber Monday sales and saw strength in gift-giving and occasion apparel, but "the lulls of the non-peak holiday weeks were deeper than anticipated." He said in a news release that the retailer, which includes higher-end department store…

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