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How Macy’s Has Avoided—So Far—the Inventory Pileup Plaguing Other Apparel Chains

At Kohl’s Corp. , fleece jackets that arrived too late for last year’s winter season are finally making it onto shelves after languishing for months in warehouses. Nike Inc. is stepping up discounts on apparel and other goods after its inventory ballooned in the latest quarter. Meanwhile, Macy’s Inc. M -1.73% is rolling out new dresses, suits, boots and other fall fashions. More than half of its offerings for…