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Saks, Nordstrom, BMW, German automakers and new definition of luxury – News briefs

 

Citi downgrades Saks, Nordstrom and Macy’s
Shares of Saks Inc., Nordstrom Inc. and Macy Inc. were in retreat on Wall Street today after Citi equity analyst Deborah Weinswig downgraded the trio, predicting soft June comparable-store sales and weakness among high-end shoppers, according to WWD.

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