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Tag: CBL & Associates Properties Inc

Macy’s blames sluggish sales on weak shopping malls

Macy’s said its stores at weaker U.S. shopping malls were hurt by slower foot traffic during the latest quarter, leading to a steeper-than-expected sales decline. “We’ve been investing in malls where our developers are investing and … we feel really good about that initiative, and those stores continue to outpace the breadth of our fleet,” …

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