Macy's Profit Surges in 1Q

Buoyed by robust sales including a major boost online, department store giant Macy's reported solid first-quarter results, including a surge in profit. The parent company of the Macy's and Bloomingdale's chains said its profit for the three months that ended April 30 was $131 million, or 30 cents a share, compared with $23 million, or 5 cents, in the year-earlier quarter.