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There’s One Thing Department Stores Can Do to Shore Up Sagging Margins

Aggressively managing inventory levels will help U.S. department stores increase their operating income, according to Moody’s. On Monday, Moody’s Investors Service cut its operating income forecasts for the U.S. department store sector. With no third-quarter improvement in financial performance, the ratings firm is now predicting a 20 percent decline in 2019 as fourth-quarter prospects look…

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