UPDATE: Macy's Posts Downbeat Q4 Sales

Macy's (NYSE: M ) reported a rise in its fourth-quarter profit. Macy's quarterly profit surged to $811 million, or $2.16 per share, versus a year-ago profit of $730 million, or $1.83 per share. Its sales dropped to $9.2 billion versus $9.35 billion. Excluding items, its adjusted profit came in