Cincinnati-based retail giant Macy's Inc.'s earnings exceeded analyst estimates for the second quarter of 2017 despite sales falling for the 10th straight quarter, the company announced Thursday.
The company attributes the decline in sales to the closing of 68 store locations completed earlier this year.
That's part of a plan to close 100 stores that are either
underperforming or worth more as real estate than they are as operating
businesses. The remaining 30 or so locations will close as their leases
expire.. . . more