Macy's shares surge on comparable sales growth, 2018 outlook
on Tuesday reported greater-than-expected growth in same-store sales
for the fourth quarter and forecast a return to annual comparable sales
growth in 2018.
The biggest U.S. department store chain, which has become
emblematic of the decline of brick-and-mortar retail in the face of
Amazon.com Inc, has not seen comparable sales grow on an annual basis for three years.
from a broadly strong U.S. holiday shopping season, Macy’s also
reported better-than-expected quarterly profit on revenue that was
in-line with estimates.. . . more