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Macy's (M) Stock Up, Citigroup: Kors Earnings 'Not a Great Outcome' for Retailer

NEW YORK (TheStreet) -- Shares of Macy's (M) were gaining mid-Wednesday afternoon as analysts at Citigroup found downside for the stock in rival retailers Michael Kors' (KORS) and Coach's (COH) earnings earlier this week.

The firm said Michael Kors and Coach spoke about "changes in strategy in the department store channel" in their recent reports, according to a note cited by Barron's.

"Not only will they both be significantly reducing exposure to the channel (less inventory), each company is now talking about being less...


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