Macy's Quarterly Profit Rises Along with Same-Store Sales
Macy's reported higher first-quarter profit and sales despite cool weather in much of the country that delayed spring shopping for many customers.
terry lundgren
Macy's, J.C. Penney Resume Court Battle Over Martha Stewart
Attorneys for J.C Penney and Macy's were back in court Monday to fight over the Martha Stewart brand after a monthlong mediation period went nowhere.
Macy's CEO to Testify in Fight with J.C. Penney Over Martha Stewart
Macy's Chairman, President and CEO Terry Lundgren is scheduled to testify in New York State Supreme Court on Monday in a trial that pits the department store chain against rival J.C. Penney over a partnership with home diva Martha Stewart.
Macy's Earnings Swing to Profit, Top Analyst Expectations
Department store operator Macy's reported a third-quarter profit, with earnings topping Wall Street expectations due in part to a move toward tailored local offerings and the return of upscale customers to its Bloomingdale's stores. Macy's said it earned $10 million, compared to a loss of $35 million in the same period last year.
