Macy's Inc topped Wall Street estimates for quarterly same-store sales and ...
- Macy’s Inc topped Wall Street estimates for quarterly same-store sales and profit on Wednesday, benefiting from increased online sales and higher demand for items sold at its off-price stores.
Like its peers, the Cincinnati, Ohio-based department store chain faltered in the past few years as it struggled to adjust to a fiercely competitive retail landscape where shoppers buy more goods online at places like Amazon.com Inc. The company in February said it would also invest in categories where Macy’s has a strong market position such as dresses, jewelry, women’s shoes and beauty products.
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