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Macy’s Inc. posted a higher-than-expected profit after sales surged during the holiday quarter, and the department store chain forecast continued gains this year.
For its new fiscal year, Macy’s expects sales at stores open at least a year to rise 3 percent. It forecast earnings of between $2.25 and $2.30 a share, which would be an increase from the just-ended year. Get the full story »
Macy’s Inc. expects to add about 725 new positions during the next two years as it looks to expand its Web site offerings.
Shoppers have been increasingly moving their business online, and Macy’s, for its part, has seen its online sales grow in the double digits on a percentage basis over the past few years. For the first 10 months of fiscal 2010, online sales were up 29 percent. Get the full story »
