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The retailer narrowed its loss for the fiscal third quarter and raised its earnings forecast. Macy’s posted a loss of $35 million in the quarter ended Oct. 31, compared with a year-earlier loss of $44 million. Revenue decreased 3.9% to $5.28 billion. Macy’s also improved its outlook for same-store sales, those at locations open at least a year. Chairman and Chief Executive Terry Lundgren said the company’s sees encouraging results from its Internet business and the company’s focus on local markets heading into the holiday season.Read the full article