By  on February 25, 2020

Macy’s Inc., entering a year of massive restructuring, reported net income of $340 million for the fourth quarter ended Feb. 1, a steep drop from the $740 million earned in the 2018 fourth quarter.

The retailer said it pulled off a good fourth quarter, saw momentum in the 10 days before Christmas and has entered 2020 with clean inventories.

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