Macy’s: Spending Environment to Remain Soft

Macy’s Inc. (M), which operates both Macy’s and Bloomingdale’s department stores, reported fourth quarter profits of $1.40 per share when excluding one-time items. The results were slightly ahead of analysts’ estimates. Revenue came in around $7.85 billion a decline of 1.1%, but a bit better than expectations. Same store sales declined just [...]