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Macy’s soars; PlayStation adds ‘Walden’; ‘Suprematist Composition’ sold

Macy’s soars; PlayStation adds ‘Walden’; ‘Suprematist Composition’ sold

Number of the day 11 percent That’s how much shares of Macy’s jumped Wednesday as the retailer posted a second straight quarter of sales gains and raised its full-year earnings outlook, a sign the department store is succeeding in luring back shoppers with its off-price offerings. Total comparable sales, a key measure for the retail industry that’s used to gauge momentum, rose 4.2 percent in the fiscal first quarter, sharply outpacing analysts’ estimates. Other number of the day $85.8 million That’s how much “Suprematist Composition,” an amalgam of hard-edged geometric shapes painted in 1916 by Kazimir Malevich, fetched at an auction offered during Christie’s Impressionist and modern art sale