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Wednesday, November 22, 2017, 7:17 a.m.

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Macy's sales fall for 11th quarter

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

By MICHAEL CORKERY THE NEW YORK TIMES

This article was published November 10, 2017 at 1:52 a.m.

a-shopper-looks-at-hats-displayed-at-a-macys-store-in-new-york-just-before-christmas-last-year-the-retailer-on-thursday-reported-a-third-quarter-profit-of-36-million

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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