The department store chain Macy’s reports fresh strong sales growth. Total sales grew 2.3% to US$5.4 billion and net income more than doubled to U$62 million from U$30 million the year before, helped by asset sales, higher credit income and lower taxes. Like many of others retailers, Macy’s is benefiting from buoyant consumer confidence, but set the internal direction with a slew of turnaround initiatives, including increasing online assortment, adding off-price sections called ‘Backstage’ to d
…Do you have information to share with us?