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Macy’s posts 16% increase in Q2 income; raises annual guidance
Cincinnati -- Macy's reported a nearly 16% increase in net income for its second quarter as the chain benefited from cost controls and its ongoing strategy of tailoring its fashions to local markets. The company said it was raising its full-year profit forecast.
Macy's net income rose to $279 million for the three-month period ended July 28, up from $241 million in the year-ago period.