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Reuters: Macy's affirms full-year forecast, shares rise

Started by chris, May 14, 2008, 06:21:07 PM

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chris

Macy's affirms full-year forecast, shares rise
      


NEW YORK (Reuters) - Macy's Inc  reported a quarterly loss on Wednesday, hurt by restructuring costs and falling sales, but the department store operator stood by its full-year earnings forecast, and its shares rose 7 percent.
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