Amazon has made half the profits of Macy’s over the past 20 yearsAmazon’s paltry second-quarter earnings made one thing clear: profits don’t matter. The online retail giant made $197 million in profit in the three months to June, it reported yesterday, badly missing expectations—it made $857 million in the same period last year. But investors shrugged, with Amazon’s shares trading flat for the week. After all, in…


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