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Macy’s tops expectations for Q1 as luxury and beauty sales shine

By Inquirer - 6 months ago
NEW YORK — Macy’s sales and profits fell during the first quarter as higher costs and other financial challenges had customers pulling back on spending. Yet the quarterly results Tuesday beat Wall Street expectations. Macy’s, which also operates upscale Bloomingdale’s and beauty chain Bluemercury, said it is seeing a positive impact from its turnaround efforts

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