Macy’s posts a surprising profit during pandemic. ‘We are seeing promising signs,’ says CEO.

Shoppers walk into a Macy’s department store Feb. 22, 2021, at Miami International Mall in Doral, Florida. Macy’s emerged from an unprecedented year by swinging to a profit. The retailer on May 18 posted net income of $103 million, after reporting a loss in the same period a year earlier. (Wilfredo Lee/AP)