Macy’s Inc. reported that net income for the fourth quarter ended Feb. 1 rose 11 percent to $811 million from $730 million in the year ago quarter.


Sales, hurt by the harsh weather in January, totalled $9.2 billion, down 1.6 percent from $9.35 billion in the year-ago quarter. Comparable sales rose 2.3 percent, including licensed departments.


For the year, Macy’s earned $1.49 billion compared to $1.34 billion in 2012, while sales rose slightly to $27.9 billion from $27.7 billion.


RELATED CONTENT: WWD Earnings Tracker >>

RELATED STORY: Macy’s Sets Strategy to Keep Momentum >>

load comments
blog comments powered by Disqus