Macy's Profits Beat Forecasts; Coming Soon: Bloomingdale's Outlets

Macy's (M) let investors know that its retail life is getting back to some sort of normal in 2010, as it reported improved results for the fourth quarter Tuesday. Looking forward, the parent company of Bloomingdale's also expects to benefit as it comes to the end of a long period of charges and disruption associated with its efforts to pull its many department store brands together under the Macy's and Bloomingdale's names.