**New York, Jan 5 (Reuters) – Macy’s Inc (M.N) on Thursday topped Wall Street estimates for quarterly sales and profit, fueled by promotions that attracted shoppers during the holiday season.**
The department store operator’s net sales rose 4.1% to $5.46 billion in the three months ended Dec. 31, compared with analysts’ average estimate of $5.38 billion, according to IBES data from Refinitiv.
Total comparable sales, including sales at both its stores and website, increased 2.4%, beating estimates of a 1.9% rise.
During a conference call with analysts, Macy’s Chief Executive Officer Jeff Gennette said the company’s promotions were .
