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Macy’s CEO Says ‘Grim’ Retail Reality Drives Sector’s Evolution

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The state of retail and consumer spending might look “grim” for the moment, but Macy’s CEO Jeff Gennette is bullish on this deep downturn not dragging on forever. In a fireside chat Tuesday with Cowen & Co. luxury and retail analyst Oliver Chen, Gennette said fashion will always remain a vehicle for self expression, which…

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