Macy's sales drop for fifth straight quarter
May 11 (Reuters) - Department store operator Macy's Inc reported a 7.4 percent fall in first-quarter sales, the fifth straight quarter of decline, as customers cut back on buying apparel and a strong dollar discourages tourists from spending heavily.
Net income attributable to Macy's fell to $116 million, or 37 cents per share, in the quarter ended April 30 from $193 million, or 56 cents per share, a year earlier.
The company's net sales fell to $5.77 billion from $6.23 billion.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Maju Samuel)