Macy’s, Nordstrom & JCPenney Are Releasing Earnings, Has the Retail Apocalypse Ended or Gotten Worse?

All retail-investor eyes are on department stores this week as a string of heavy hitters gear up to release second-quarter earnings reports. As Nordstrom Inc., Macy’s Inc. and J.C. Penney Co. Inc. set out their balance sheets for public purveying, will the results offer hope or more signs of retail’s downturn? For Macy’s — which has pulled out all the stops, including store closure and layoffs, to address soft sales and digital shifts — analysts are betting that declines in profit...

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