Macy’s tempers holiday sales outlook

By ANNE D’INNOCENZIO
AP Retail Writer

NEW YORK (AP) — Macy’s is tempering its sales outlook for the fiscal fourth quarter after shoppers spent less than expected during the lull between Thanksgiving weekend and the final days before Christmas. The New York-based department store chain, which also operates upscale Bloomingdale’s and Bluemercury stores, said Friday that sales for the November-to-January period will fall in the low end to midpoint of its expected range of $8.16 billion to $8.4 billion. The company’s adjusted earnings per share for the period should meet the projected range of $1.47 to $1.67, Macy’s said.