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Trouble for Department Stores as Macy’s Says Consumers Don’t Want Price Increases

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Macy’s Inc. reported a second-quarter miss on earnings Wednesday, and the company’s chief executive officer, Jeff Gennette, indicated that consumers aren’t willing to pay for any price increases—whatever the cause. That doesn’t bode well for retailers, particularly the troubled department store sector, as many search for ways to mitigate the next onslaught of tariffs. In…

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