By and  on August 14, 2013

Disappointing sales and earnings from Macy’s Inc. weighed on retail stocks today.

Shares of the department store fell 4.5 percent to $46.33 after it reported a 0.8 percent second-quarter sales decline and earnings per share of 72 cents, significantly below the 79 cents analysts projected and the company’s first miss since 2007.

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