Retail News
Late Christmas shoppers helped boost Macy’s 4Q results
CNBC 02/25/2020Macy’s same-store sales fell 0.5 percent in the fourth quarter, but the department store operator posted earnings of $2.12 per share versus the $1.96 expected by Wall Street as it was aided by a “meaningful sales uptick” in the 10 days heading into Christmas. The retailer’s share price increased by about three percent in premarket trading on the news.
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