Macy’s stock surges on better-than-expected profits

Macy’s topped Wall Street estimates for quarterly same-store sales and profit on Wednesday, benefiting from increased online sales and higher demand for items sold at its off-price stores. Macy’s shares, which have so far lost more than a quarter of their value this year, rose about 3% to $22.46 in early trading. Like its peers,… Continue reading at New York Post