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Macy’s Inc. Q3 Profit Beats Estimates, Raises Full Year Outlook

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Cincinnati—Buoyed by “strong sales” at its Bloomingdale’s stores and continued increases in online sales, Macy’s Inc. reported today that its third quarter profit easily beat expectations. As a result, the department store retailer raised its full year earnings forecast. For the quarter ended Oct. 29, Macy’s Inc. posted a net …