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

World News: . []

Macy's quarterly profit, same-store sales top expectationsMacy's shares, which have so far lost more than a quarter of their value this year, rose about 3% to $22.46 in early trading. 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. Macy's has poured money into building up its private label clothing as well as expand its off-price venture, Backstage, by adding 45 more stores this year.


Read More: https://news.yahoo.com/macys-same-store-sales-tops-expectations-shares-rise-121946617--finance.html

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