Macy’s Q3 Earnings: Cue the Holiday Cheer for Department Stores

Cue the jingle bells. Just in time for the holidays, Macy’s Inc.’s profits are continuing to move in the right direction. The once-beleaguered department store chain today posted better-than-expected third-quarter earnings — and revenues that met market watchers’ forecasts — thanks to double-digit growth in its digital business and improving trends at its more experiential stores. Macy’s said its earnings during the period more than doubled year over year to $62 million, or 20...

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