NEW YORK —Goldman,Sachs &Co.analyst George Strachan on Tuesday reduced both long- and short-term earnings esti- mates for a large group of broadlines retailers.

Strachan,enior retail ana- lyst at GS,pulled down expecta- tions for annual growth in department tore earnings per share to a range of 4 to 8 percent over the next five years,marked down from the earlier forecast of 4 to 12 percent annual growth.

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