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Topic: Growth Stocks

MACY’S INC. $70 – New York symbol M

MACY’S INC. $70 (New York symbol M, Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 336.4 million; Market cap: $23.5 billion; Price-to-sales ratio: 0.8; Dividend yield: 2.1%; TSINetwork Rating: Average; www.macysinc.com) has formed a partnership with zTailors to provide tailoring services to customers who buy clothes from Macy’s websites.

For an extra fee, a tailor will come to the customer’s home or office for a fitting and complete the alterations within a week. If initial trials in three test cities are successful, Macy’s and zTailors will expand the service to all of the U.S. by the end of 2015.

Macy’s is a buy.

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