Macy’s Inc.’s shares jumped after the retailer said it signed a deal to sell part of its Chicago store and reported stronger sales for its holiday quarter that signaled a rebound in consumer spending. Sales at stores excluding recently opened or closed locations rose 1.3% in the three months to Feb. 3, reversing a string of declines. Including licensed departments, same-store sales rose 1.4%.

Source: Wall Street Journal February 27, 2018 13:49 UTC