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January 26, 2006
Federated Sees Modest 2006 Comps Gain
Federated Department Stores predicted same store sales would be up by 2% to 3% this year, bringing in over $27 billion.
The conglomerate is still digesting its merger last summer with the May Department Store Company, which added 330 Macy’s stores to its already significant holdings.
Federated said it expects its profitability to improve markedly in 2007 and beyond.
Posted by Blacks on January 26, 2006 08:32 AM
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