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Retail Sales Stall in June

Blame it on the weather, say analysts.

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By: TOM BRANNA

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Poor weather and fewer tourists left major retailers scrambling last month as results fell short of expectations. Macy’s Inc. missed analysts’ estimates for a 1.9% increase with a 1.2% advance. Terry Lundgren, chairman, president and chief executive officer of the company, called the disappointing result “a function of a macroeconomic environment that is stagnant at best, and lower spending by tourists in cities such as New York.” Brendan Hoffman, president an...

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