Yahoo Finance

Macy's raises annual outlook after the fourth straight quarter of sales gains (opens in new tab)

Macy's reported its fourth consecutive quarter of comparable sales gains as the department store said an overhaul of its merchandise and better customer service is resonating with customers. “We're off to a strong start to the year, ” said CEO Tony Spring, who is in the third year of an attempted turnaround of the storied retailer. Comparable sales — sales at established online channels and stores— rose 3% during the first quarter.

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