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Michael Kors is driving Macy's business into the ground

2015-06-30 01:52:54| Apparel - Topix.net

The retailer's same-store sales growth has been weakening over the last several years, and Deutsche Bank analysts expect things to only get worse for the department store chain. Deutsche Bank analyst Paul Trussell on Monday downgraded Macy's from "buy" to "sell," saying he has "low confidence that the company can bust out of its same-stores sales rut."

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