Macy’s fourth-quarter profit rose 11 percent, but the department store chain suffered a sales shortfall because a string of winter storms chilled business in January. The results, released Tuesday, come on the heels of a solid but fiercely competitive holiday shopping season for the company. Home Depot’s fiscal fourth-quarter net income dipped 1 percent, hampered by bad winter weather and one less week in the period than a year ago. Still, cost cuts helped earnings top Wall Street’s view, and the No. 1 home improvement retailer raised its quarterly dividend by 21 percent.
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