Macy’s sales take another hit as earnings beat expectations
February 22, 2017
Same-store sales at Macy’s declined 3.5 percent in the fourth quarter while the company’s $2.02 earnings per share exceeded the $1.96 gain expected by analysts. The department store retailer expects continued rough sledding ahead, but reiterated its belief that it has the right plan in place to turn its business around.
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