Results appear to be an early vindication of the retailer’s Polaris initiative

macys new york

Longstanding challenges remain for Macy’s.
Alexi Rosenfeld/Getty Images

By Robert Klara

40 mins ago

A year after announcing it would close 125 stores and on the heels of three quarters of losses, Macy’s announced a profitable Q4 on Tuesday. Net income for the 13 weeks ended Jan. 30 reached $160 million on net sales of nearly $6.8 billion.

The Business of Marketing

Don’t miss The Business of Marketing, a new series featuring leading c-suite executives sharing insights on the importance of leveraging the intersectionality of marketing, finance, technology, HR and the boardroom to drive business growth. Tune in.