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09.01.2014 23:20:00
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Macy's, Inc. -- Moody's: Macy's cost reduction plans and Holiday comparable store sales results are a credit positive
New York, January 09, 2014 -- Moody's Investors Service today stated that it views as a credit positive development Macy's, Inc. announced cost reductions, organizational changes, five store closings, along with a 3.6% comparable store sales for November and December. These announcements provide further support to Macy's positive ratings outlook.
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