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1.Market Observations, 8.Was Sticky

13 May 2017 (AFR) – Macy’s falls most since 2008 as contagion spreads across US retail

(13 May 2017, AFR, p19, by Lindsey Rupp)

‘As Americans abandon department stores, sales at Macy’s Inc and Kohl’s Corp are falling even faster than Wall Street expected. Disappointing results from the two chains sent a broader swath of stocks tumbling in the US this week, with investors growing more pessimistic on the beleaguered industry.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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