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Macy's profit beats Wall Street expectations

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NEW YORK (AP) — Macy's reported a fourth-quarter profit that beat Wall Street expectations as its strategy of tailoring merchandise to local markets paid off during the holiday season. The department store chain, which also operates the upscale Bloomingdale's stores, also said Tuesday that it expects that same game plan to help increase revenue at stores open at least a year by 3.5 percent...