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Federated January Same-Store Sales Rose 3.7%, Plans to Close Stern's Unit
Federated Department Stores(FD Quote) said January same-store sales rose 3.7%, above Wall Street's expectations, which called for 2.3% growth.
Federated, the owner of Bloomingdale's and Macy's, said total sales for the month rose to $1.11 billion, a 14% increase over the $965 million in the year-ago period. This year's total includes an extra week, due to a 53-week fiscal year. ...
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