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Article: MacyAEs posts smaller loss.(Business)(Financial report)
- Article from:
- Daily Herald (Arlington Heights, IL)
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Paddock Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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