Double Dip, What? Macy’s Profit Surges 64%August 12, 2011 6:35 pm
We spotted this today:
“Macy’s Inc. (M) reported a 64 percent increase in its second-quarter profit as its strategy of tailoring merchandise to local markets is helping to overcome an overall sluggishness in the economy. The department store chain is also boosting its full-year profit outlook.
Chairman and CEO Terry J. Lundgren described the quarter as “the most successful second quarter and spring season in more than a decade.”
See full article from DailyFinance: http://srph.it/plbp8h