Macy's (M) Nov./Dec Comps Increase 1%, Updates Guidance
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Macy’s, Inc. Reports Positive Comp Sales for November/December
January 4, 2018 8:00 AM ESTAnnual earnings guidance raised due to solid holiday results and federal tax law change
$300MM in annualized cost savings to be reinvested in the business
CINCINNATI--(BUSINESS WIRE)-- Macys, Inc. (NYSE: M) today announced that its comparable sales on an owned basis increased 1.0 percent in the months of November and December 2017 combined, compared to the same period last year. On an owned plus licensed basis, comparable sales increased 1.1 percent in the combined November/December period.
Macys had a solid holiday shopping season,... More
