Macy's sales fall for 11th quarter

Retailer’s profit rises on inventory control, sale of stores

Posted: November 10, 2017 at 1:52 a.m.

A shopper looks at hats displayed at a Macy’s store in New York just before Christmas last year. The retailer on Thursday reported a third-quarter profit of $36 million.

Department store chain Macy's said Thursday that sales slipped in the third quarter, the 11th consecutive quarterly sales decrease for a company struggling to find its footing in a rapidly shifting retail landscape.

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