Article: MacyAEs posts smaller loss.(Business)(Financial report)

MacyAEs posts smaller loss

NEW YORK u MacyAEs Inc.AEs third-quarter loss shrunk as tight inventory controls and a move to localize merchandise at its department stores by region paid off. The company also raised its full-year profit and sales outlook. The profit outlook, including a tempered forecast for the fourth quarter, didnAEt go as high as analysts expected, and shares fell more than 7 percent. Some of MacyAEs best-performing districts were the original test beds for the locally tailored merchandise. Other bright spots were its growing Internet business and rebounding sales performance at BloomingdaleAEs, another sign that affluent shoppers are slowly going ...

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