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Macy’s (M) Q3 2021 earnings beat

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The entrances at Macy’s are decorated with Christmas decorations on December 04, 2020 in New York City.

Roy Rochlin | Getty Images Entertainment | Getty Images

Macy’s on Thursday reported fiscal third-quarter earnings and sales that topped analysts’ expectations, leading the department store chain to raise its full-year forecast ahead of the holidays.

Macy’s shares jumped more than 10% in premarket trading on the news.

CEO Jeff Gennette said Macy’s added 4.4 million new customers in the quarter and benefited from an “improved economic environment.”

Separately, the company teased the launch of a new digital marketplace that’s set to launch in the second half of 2022. The announcement comes as



Source cnbc.com

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