Macy's sales fall 5.2 percent, says not forming REIT

[November 11, 2015]   (Reuters) - Macy's Inc <M.N> reported its third straight quarter of sales decline as customers cut back on spending and a strong dollar reduced spending by tourists.

The department store operator also said it would not pursue formation of a real estate investment trust at this time.

Net income attributable to shareholders fell to $118 million, or 36 cents per share, in the third quarter ended Oct. 31 from $217 million, or 61 cents per share, a year earlier.

Net sales fell 5.2 percent to $5.87 billion.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Kirti Pandey)

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