Macy’s Inc., lifted by its omnichannel and localization strategies, on Tuesday reported higher profits for last year and said it expects a strong 2013.
The retailer said fourth-quarter diluted earnings per share rose 5.3 percent to $1.83 versus $1.74 in the year-ago period. Excluding early retirement of debt and store closing costs, diluted EPS in the quarter came to $2.05, beating Wall Street expectations of $1.99.
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