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February 27, 2008
Macy's Q4 Results Outshine Expectations
Macy’s reported better-than-expected fourth quarter results this week, with earnings that were up 2.3% to $750 million.
The department store chain managed to pull out some profit despite a 6.2% decline in sales to $8.6 billion.
Macy’s has been challenged since its 2005 acquisition of May Department Stores. It pinned its recent results on tighter inventory control and the implementation of cost efficiencies.
Posted by Blacks on February 27, 2008 09:46 AM
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