Macy’s Shows Signs of Life After Prolonged Slump

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After closing dozens of unprofitable shops, Macy’s Inc. reported increased gross sales at these areas nonetheless open amid the primary indicators that the division retailer large is pulling out of a protracted hunch.

The outcomes have been buoyed by a powerful economic system, with low unemployment and up to date tax cuts that ought to give shoppers more cash to spend. They bode nicely for different retailers scheduled to report earnings this week, together with Walmart Inc., J.C. Penney Co. and Nordstrom Inc.

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