{"id":29803,"date":"2012-08-09T03:57:24","date_gmt":"2012-08-09T03:57:24","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=29803"},"modified":"2012-08-09T03:57:24","modified_gmt":"2012-08-09T03:57:24","slug":"video-macys-reports-increase-in-net-income","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/08\/09\/video-macys-reports-increase-in-net-income\/","title":{"rendered":"VIDEO: Macy&#8217;s Reports Increase in Net Income"},"content":{"rendered":"<p><div id=\"grabDiv1767162\"><object id=\"GrabPlayer1767162\" width=\"542\" height=\"304\" type=\"application\/x-shockwave-flash\" align=\"middle\" data=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=ve65a01e8ed0d94d6038901fb6b86ab679aab930a&#038;tgt=grabnetworks\"><param name=\"quality\" value=\"high\"\/><param name=\"allowScriptAccess\" value=\"always\"\/><param name=\"allowFullScreen\" value=\"true\"\/><param name=\"menu\" value=\"false\"\/><param name=\"wmode\" value=\"transparent\"\/><param name=\"movie\" value=\"http:\/\/player.grabnetworks.com\/swf\/GrabOSMFPlayer.swf?id=1767162&#038;content=ve65a01e8ed0d94d6038901fb6b86ab679aab930a&#038;tgt=grabnetworks\"\/><\/object><\/p>\n<div id=\"overlay-adzone\" style=\"overflow:hidden; position:relative\"><\/div>\n<\/div>\n<p>Department store giant Macy&#8217;s (NYSE: M) has reported some positive second quarter earnings results. The company reported a profit for the quarter ending on July 28 of $279 million up 16% from last year. The department store chain said it had an EPS of $0.67, above estimates of $0.65, and well above last year&#8217;s $0.55 per share. Revenue grew to $6.12 billion, just beating estimates of a flat $6.1 billion. Macy&#8217;s success can be attributed to its exclusive products and the flocking of customers from suffering retailers like JC Penney. Recently, Macy&#8217;s has bought a minority stake in a Chinese online retailer, VIPStore Co., through which it will sell it&#8217;s products to Chinese consumers.<\/p>\n<p><img src='http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/08\/1_6zgrqjte_thumb.jpg' \/><\/p>\n<p><!--post_img[http:\/\/images.grab-media.com\/financial_news_network\/2012\/08\/08\/1_6zgrqjte_preview.jpg]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Department store giant Macy&#8217;s (NYSE: M) has reported some positive second quarter earnings results. The company reported a profit for the quarter ending on July 28 of $279 million up 16% from last year. The department store chain said it had an EPS of $0.67, above estimates of $0.65, and well above last year&#8217;s $0.55 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/08\/09\/video-macys-reports-increase-in-net-income\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VIDEO: Macy&#8217;s Reports Increase in Net Income&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29803","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=29803"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/29803\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=29803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=29803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=29803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}