Macy’s Inc forecast a first-quarter loss of US$0.19 to US$0.21 per share, better than the US$0.27 per share loss analysts expected. Still, Macy’s kept its profit view for this year intact because of continued economic uncertainty and its shares fell 5 percent.
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Sat, May 09, 2009 - Page 10 News List
Monthly sales results increase for US retailers
SURPRISE: Data showed that overall same-store sales rose 1.2 percent, while analysts had expected a 0.2 percent drop. Wal-Mart’s US sales rose by 5 percent
REUTERS , NEW YORK
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