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Retail Fulfillment Associate, University Park Mall - Part Time
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Asset Protection Security Guard, Broadcasting Square - Full Time
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Retail Fulfillment Associate, Riverpark - Part Time
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Retail Fulfillment Associate, Shoppes at Buckland Hills - Part Time
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Retail Fulfillment Associate, Empire - Part Time
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By
Reuters
Published
May 2, 2011
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Macy's looks attractive compared to peers

By
Reuters
Published
May 2, 2011

May 1 - Once in tatters, the national retail chain Macy's has better prospects than its peers, according to the May 2 edition of Barron's.

After going on a buying binge that racked up a pile of debt, Macy's sales and earnings uptick and distribution strategy should only help, said the report.

Macy's
Macy's flagship store in Herald Square, New York City

Shares are still reasonably priced, despite a bounce back from a low of $5.07 in 2008 and are trading well below the current market multiple, said the report. Macy's stock is trading at about just under 10 times forward earnings of $2.33 a share for the fiscal year ending January 2012, below the current market multiple of 13.7, according to Barron's.

Shares of Macy's closed at $23.91 on Friday.

(Reporting by Jennifer Saba; Editing by Diane Craft)

© Thomson Reuters 2024 All rights reserved.

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