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Macy's cuts profit forecast, stocks plunge
Investors look to Ralph Lauren, Kohl's and Nordstrom for clues on retail industry's health
Add BT as a preferred sourcePublished Thu, May 12, 2016 · 09:50 PM
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New York
RETAIL and apparel investors are looking to the next crop of earnings for clues on the industry's health after a grim Macy's Inc forecast sent stocks into a tailspin.
Ralph Lauren Corp, Kohl's Corp and Nordstrom Inc are all reporting quarterly results on Thursday, giving shareholders some vital insights at a time when the state of the consumer economy is unclear.
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