, Columnist
Macy's Is Running Out of Levers to Pull
It has been aggressively making the right moves -- to no avail.
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Things looked a little better for Macy's Inc. in its latest quarter -- but only because the bar for the beleaguered department-store chain had been set so low.
The company reported on Thursday that comparable sales, a figure that includes online sales and same-store sales, fell 2.8 percent year-over-year. That's not quite as big a drop as analysts had expected, but it still makes for the tenth consecutive quarterly decline on this measure.