Macy’s earnings top estimates, retailer says it won’t spin off e-commerce from stores


Macy’s on Tuesday reported fiscal fourth-quarter earnings and sales that outpaced analysts’ estimates and said that a strategic review has prompted the retailer to accelerate its turnaround plans.

Telsey Advisory Group Chief Research Officer and CEO Dana Telsey said Macy’s operational improvements put the company in a position to capitalize on consumer tail winds this year.

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