Macy’s Reports Its First Quarterly Profit In A Year

CNBC
By Staff of CNBC
Business News Television Channel •

Macy’s on Tuesday reported its first quarterly profit in a year, as its efforts to slash inventories during the holiday quarter and rely less on deep discounting paid off.

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Macy’s on Tuesday reported its first quarterly profit in a year, as its efforts to slash inventories during the holiday quarter and rely less on deep discounting paid off. CNBC’s Courtney Reagan reports.

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