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Lipstick on a Pig

Macy's CFO blames makeup-less women for retail slump.

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By: TOM BRANNA

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It's not the crummy selection, poor fashion designs, lousy store conditions, high prices or terrible customer service that's killing retail these days; no, the real culprit is women who don't wear makeup, according to Macy's CFO Karen Hoguet. “We did some consumer research, and the customer said she likes going to the off-price retailers because she doesn't have to put lipstick on,” she told attendees at an investor conference. Hoguet also blamed tepid ...

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