Macy’s reports Q4 results

Macy’s, Inc reported results for the fourth quarter and fiscal 2018 and provided annual sales and earnings guidance for fiscal 2019. Net income attributable to the company’s shareholders was at $740 million, while Net sales declined by 2.5% to $8.46 bn. “2018 was an important year for Macy’s, Inc. as we changed the trajectory of the company and delivered positive comparable sales for the full year. I’m pleased with the impact of our strategic initiatives, particularly as they gained traction in the back half of the year,” said Jeff Gennette, Macy’s,…

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