Macy's quarterly profit, same-store sales top expectations

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Macy's quarterly profit, same-store sales top expectationsMacy's has been pouring money into building up its private label as well as expand its off-price venture, Backstage, by adding 45 more stores this year. The company in February said it would also invest in categories where Macy's enjoyed strong market position such as dresses, jewelry, women's shoes and beauty products. 'Our brick & mortar sales trend improved sequentially in the first quarter, supported by ... Backstage,' Chief executive Officer Jeff Gennette said in a statement.

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