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These Trends Are Why Macy’s Beat Wall Street Estimates

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Macy’s Inc. said customers are both shopping more frequently and newly engaging with its core retail brand, prompting the department store icon to raise its 2021 guidance after first-quarter results topped Wall Street estimates. In a Nutshell: Macy’s reported 4.6 million new customers shopping the eponymous brand, 23 percent above 2019 levels. The retail brand,…

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