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Thursday, January 2, 2014
Analysis: Deep discounts sound warning for U.S. retail profits
By Angela Moon NEW YORK (Reuters) - Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all year. This week, apparel retailers including Aeropostale Inc ` and Guess Inc lowered fourth-quarter earnings forecasts, and on Thursday ...
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