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Macy's books higher Q3 profit
Macy's reported a 4.3% rise in third-quarter earnings and a 3.8% increase in same-store sales compared to the same period last year. The retailer also warned that changed shopping patterns in the wake of Hurricane Sandy may take a toll on the fourth quarter, but Macy's still believes it can achieve a 4.2% same-store sales increase in the all-important holiday quarter.
Reuters (11/7), The Wall Street Journal (tiered subscription model) (11/7)
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