Shares of the Cincinnati, Ohio-based retailer were roughly flat in morning trading after jumping as much as 7%. Macy’s reported a small decline in holiday same-store sales in January, surprising investors who were bracing for a sharper drop after a profit warning citing weak international tourism and sluggish mall traffic. “We had a solid holiday season … our customers responded well to our gifting assortment and marketing strategies, especially in the 10 days before Christmas, when we saw a significant uptick in sales,” Chief Executive Officer Jeff Gennette said on a post-earnings conference call. …read more
Source:: Yahoo Finance
