2-7-13 8:18 AM EST
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NEW YORK (MarketWatch) -- Macy's Inc. M said Thursday same-store sales for January rose 11.7%. The Cincinnati-based retailer said total sales for the five weeks ended Feb. 2 was $1.8 billion, compared with $1.34 billion for the four weeks ended Jan. 28 a year ago. Macy's raised guidance for its fourth-quarter earnings to between $1.94 and $1.99 per diluted share, excluding certain costs, from between $1.91 to $1.96 per diluted share previously. Shares rose nearly 4% in pre-market trading.
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