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Department store sector on watch after Macy's warns

Nov. 11, 2015 8:28 AM ETKohl's Corporation (KSS) StockJWN, KSS, DDSBy: Clark Schultz, SA News Editor
  • The department store sector could see an impact after Macy's drops guidance sharply.
  • CEO Terry Lundgren sent a shiver across the industry by saying Macy's will take markdowns to clear inventory ahead of the crucial holiday season. Macy's reported soft U.S. traffic and sales in Q3.
  • Kohl's (NYSE:KSS), Dillard's (NYSE:DDS), and Nordstrom (NYSE:JWN) are on watch. Perhaps an outlier, J.C. Penney is higher in early action after tipping a strong 6% comp in Q3.
  • Previously: Macy's lower after U.S. sales slump and nixing REIT (Nov. 11 2015)
  • Previously: Retailers eye inventory levels with Black Friday 17 days away (Nov. 10 2015)

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