By
with contributions from Sharon Edelson, Kellie Ell
 on January 11, 2019

When it comes to retail, Wall Street has officially lost the holiday spirit.

Macy’s Inc.’s stock dropped 17.7 percent to $26.11 Thursday as the company missed holiday sales growth targets, leading the retail sector dramatically lower. The department store said its annual comparable sales gain, including licensed departments, would tally 2 percent, down from the 2.3 percent to 2.5 percent increase projected just before Thanksgiving. (Macy’s combined comps for November and December rose 0.7 percent, or 1.1 percent when licensed departments are factored in).

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