Department store operator Macy’s reported a third-quarter profit, with earnings topping Wall Street expectations due in part to a move toward tailored local offerings and the return of upscale customers to its Bloomingdale’s stores.
Macy’s said it earned $10 million, compared to a loss of $35 million in the same period last year.
Continue reading Macy’s Earnings Swing to Profit, Top Expectations
Macy’s Earnings Swing to Profit, Top Expectations originally appeared on DailyFinance on Wed, 10 Nov 2010 09:10:00.
Filed Under: Company News, Earnings, Macy’s, Retail, Stocks in the News