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Finance

Macy’s Posts $431 Million Loss as Stores Continue Recovery

Macy’s reported a loss of $431 million for the latest quarter, even as sales continued to recover from temporary store closures spurred by the coronavirus pandemic.

The retailer reported $3.6 billion in sales, up from $3 billion in the previous quarter, but nearly $2 billion less than the company recorded in the second quarter of 2019.

Macy’s…

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