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  • Hamish Kumar

Macy's Announcement Sends Ripples Through Retail Sector

- Macy’s recently warned investors that its margins are shrinking, and to expect a gross profit margin between 60-80 basis points below last year's.

- The stock price dropped by 8% as a reflection of this news.

- The company’s announcement has sent shockwaves across the entire retail sector, as fears grow of Amazon’s dominance.

To read the full article click here.

#stockmarket #Macys #amazon

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