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

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