News / Business
Retail Stocks on move (NYSE: M, KSS)
Retail Stocks
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Macy's, Inc. (NYSE:M) fell 4% to $16.92 after it said Thursday that its October sales at stores open at least one year fell 0.8%. Analysts, on average, had expected same-store sales to fall 0.1%, according to Thomson Reuters. Total sales for the four weeks ended Oct. 31 fell 1.3% to $1.69 billion.
Kohl's Corporation (NYSE:KSS) plunged 4.56% to $53.96 after it said Thursday that its October sales at stores open at least one year rose 1.4%. Analysts, on average, had expected same-store sales to rise 6.2%, according to Thomson Reuters. Total sales for the four weeks ended Oct. 31 rose 4.9% to $1.27 billion. Kohl's raised its third-quarter guidance to 60 cents to 61 cents a share, from 52 cents to 54 cents share.
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