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Important trends from yesterday's department store numbers, courtesy of KeyBanc: 1)...

Important trends from yesterday's department store numbers, courtesy of KeyBanc: 1) Multi-channel (GPS, JWN, URBN) matters, and will hurt those who haven't invested (BKE, WTSLA, BONT). 2) High-end should outpeform. KeyBanc likes OXM and JWN, and prefers COH over TIF.
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