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Macy's, Inc.
Macy's profit rises, though cold chills sales
Macy's profit rises, though cold chills sales

Macy's Inc.'s first-quarter profit rose 3.2 percent, but the department store chain's sales fell short of expectations as cool spring weather dampened shoppers' desire for shorts and T-shirts. Macy's stuck with its full-year profit outlook, citing improving business trends that started in April. The retailer also raised its dividend by 25 percent. "Overall, business trends were soft in January through March, with the exception of the Valentine's Day shopping period," Macy's Chairman and CEO Terry J. Lundgren said in a statement. "The trend improved in April when the weather began to turn in northern climate zones. We see this as a good...

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