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Macy's Slashes Guidance: Buy or Avoid?

Macy's Slashes Guidance: Buy or Avoid?

Department store operator Macy's (NYSE: M) is having all sorts of trouble navigating a difficult economic environment. The good news is that Macy's is still turning a profit. Through improved inventory management and operational efficiencies, the retailer has managed to prevent its gross margin from dropping despite the tumbling sales.