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NEW YORK (TheStreet) -- Retail shares are rallying a day after the sector saw its highest sales gain since June 2008.
One of the biggest gainers is Macy's(M Quote), which is climbing by 5.9% to $19.09 in afternoon trading. The department store was upgraded by J.P. Morgan to overweight from neutral on a second month of improving sales.
On Thursday, the company posted a 0.8% decline in October same-store sales, as it begins to benefit from its national roll-out of its My Macy's localization initiative. ...
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