The
But shares tumbled in early morning trading as investors worried about the slowdown in the momentum.
Still, the report offered encouraging news for other department stores, which are aiming to reinvent themselves as shoppers move increasingly online.
“The combination of healthy stores, robust e-commerce and a great mobile experience is
A strong job market and higher confidence are also helping shoppers get in the mood to spend. The Commerce Department reported on Wednesday that Americans shopped at a healthy pace in July.
The
Analysts were expecting profit of 50 cents on sales of $5.5 billion, according to FactSet.
Sales at stores opened at least a year rose 0.5 percent in the fiscal second quarter, slower than the 4.2 percent increase in the prior quarter. The figure includes
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