Macy’s reviews 3Q loss however suggests growth

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Macy’s mentioned a loss of 19 cents a share within the third quarter as the retailer’s identical-shop sales fell 22 p.c. on-line earnings rose 27 percent all through the quarter, assisting to increase Macy’s comps. The retailer’s profits and income shortfall did outpace Wall street’s expectations, which Macy’s administration attributed to fiscal discipline and enhancing efficiency at its namesake chain in addition to Bloomingdale’s and Bluemercury.

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