Macy's leads department store sector higher

|By:, SA News Editor

Investors are giving Macy's (M +3.9%) a pass after January sales came in soft and the company warned on a sluggish early start to the current quarter.

The enthusiasm on the retailer appears to stem from its ability to hold up margins through its omnichannel approach to selling.

Macy's also reiterated its guidance for the fiscal year despite the slow start.

The department store sector is mounting a little comeback today after it was awash in red yesterday.

Gainers: Kohl's (KSS) +1.8%, Nordstrom +0.8%, Dillard's (DDS) +4.6%, Sears Holdings (SHLD) +3.3%, Bon-Ton Stores (BONT) +2.6%.