By  on August 15, 2018

Americans headed out to the shops in force last month to update their summer wardrobes and gave the economy a boost — but that wasn’t enough to save retail on Wall Street Wednesday.

Despite a strong monthly sales report from the Commerce Department, investors zeroed in on Macy’s Inc., which saw its stock drop 16 percent to $35.15 after the department store lifted its full-year outlook, but still posted a slight sales decline the second quarter.

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