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Macy's: Considerable potential, almost as much risk |
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| Jun 17, 2009 10:10 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Stocks to Buy  Readers of this space know that the retail sector/apparel is best avoided: the era of the frugal consumer and a surplus of store chains has led to challenging conditions for retailers, to say the least. However, there are exceptions, and Macy's (NYSE: M) is one. The argument here is that Macy's will be able to combine right-sizing of its chain and rigorous cost cuts with established brands (the Macy's chain also runs the upscale Bloomingdale's chain) to survive the downturn. Wall Street doesn't expect any improvement near-term, forecasting a 6-10% revenue decline for FY2010. Continue reading Macy's: Considerable potential, almost as much risk Macy's: Considerable potential, almost as much risk originally appeared on BloggingStocks on Wed, 17 Jun 2009 17:10:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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