| Updated:
Macy’s expects sales gains
Macy’s expects further sales gains this year, helped by the broad array of exclusive and private brands that led to a higher profit in the holiday quarter. For the new fiscal year just under way, Macy’s expects sales at stores open at least a year to rise 3.5 per cent. Macy’s reported net income of $745m for the fourth quarter to 28 January, up 11.7 per cent.