The reason: IT's PRE EASTER WEEK! Macy's is aiming in attracting Clothing buyers as in most of the nation Public School systems are CLOSED for Spring Break. Families are available to shop making EVERY weekday this week very strong for traffic.
Macy's (M), the No. 1 U.S. department-store operator, is expected to keep up its solid showing with a 4.8% same-store sales gain. High-end peers Saks (SKS)and Nordstrom (JWN) likely continued to be big winners. Analysts see a 6.3% rise for Saks and a 5.7% gain for Nordstrom.