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Macy’s CEO: We’ve ‘Successfully Managed the Channel Shift’

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Macy’s Inc. narrowed its losses in the third quarter and topped consensus revenue estimates, while CEO Jeff Gennette touted the retail giant’s dexterity in managing the “channel shift” that has drawn shoppers away from stores and onto the web. In a Nutshell: Macy’s managed to generate a positive EBITDA (earnings before interest, taxes, depreciation and…

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