Stocks discussed on Jim Cramer's Stop Trading! TV show, Monday February 2.
Macy’s troubles are not surprising, because it has “been in trouble literally for years” and its business model of big department stores is a losing one. Macy’s announced it is letting go 4% of its workforce and cutting its dividend 5 cents. JC Penney, also a high-yielding retailer, may be in trouble too.
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