Macy's turnaround gains ground as comp sales climb and outlook lifts

Macy's Inc. (M) said sales at stores open at least a year rose 2.7% last quarter, the fifth straight quarter of such gains as CEO Tony Spring's plan to revamp weaker locations takes hold. The chain raised its full-year profit and sales outlook, with earnings now seen up to $2.35 a share. Bloomingdale's and Bluemercury also grew.