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Macy’s beat a second-quarter Wall Street earnings estimate, but comparable sales slipped as the company prepares for the upcoming holidays by fortifying its home product assortment.

Target turned in strong second-quarter results as store traffic gains helped propel comparable sales growth.

Retailers are importing an increasing volume of merchandise amid the threat of a labor strike at East Coast and Gulf Coast ports and as freight rates increase largely because of international tensions, according to the Global Port Tracker report issued by the National Retail Federation and Hackett Associates.