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Shoppers walk into a Macy's department store at the Hanover Mall in Hanover, Mass., in this July 10, 2015, file photo. Macy's is cutting up to about 4,800 jobs after disappointing holiday sales. The company also listed Wednesday, Jan. 6, 2016, which 40 stores it would close. It had announced it was closing stores in September. (AP Photo/Stephan Savoia, File)
Photo by: Stephan Savoia
Shoppers walk into a Macy's department store at the Hanover Mall in Hanover, Mass., in this July 10, 2015, file photo. Macy's is cutting up to about 4,800 jobs after disappointing holiday sales. The company also listed Wednesday, Jan. 6, 2016, which 40 stores it would close. It had announced it was closing stores in September. (AP Photo/Stephan Savoia, File)

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