At R. H. Macy & Co., the world's largest department store, the executive floor has recently been as busy as an adjustment desk on the day after Christmas. Last week Macy's not only an nounced a 7% sales increase (to $623.5 million) and record profits for the fiscal year, but increased its dividend and proposed a two-for-one stock split (its first). Then, after weeks of frantic preparation, Macy's opened its newest store, an $11 million building in New Haven. It was the second such opening this year, and it brings the total of Macy's stores to 48, which stretch from...
To continue reading:
or
Log-In
