Bloomingdale’s takes share from Saks Global, lifts Macy’s Inc. in Q4

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: With some help from Saks Global’s bankruptcy, Macy’s Inc.’s Q4 surpassed expectations in most measures. Net sales in the period fell 1.6% year over year to $7.6 billion, with comps up 1.8%. Net income surged nearly 50% to $507 million. At Bloomingdale’s, which took share from Saks Global in Q4, net sales rose 8.5% and comps surged 10%. Bluemercury net ...

Bloomingdale’s takes share from Saks Global, lifts Macy’s Inc. in Q4 - Reportify