Macy's quarterly profit falls 14 percent

[May 13, 2015] (Reuters) - Macy's Inc reported a 14 percent drop in quarterly profit, hurt by lower foreign tourist spending in the United States, colder-than-usual weather in February and disruptions at West Coast ports.

The department store operator's net income fell to $193 million, or 56 cents per share, in the first quarter ended May 2 from $224 million, or 60 cents per share, a year earlier.

Net sales fell 0.7 percent to $6.23 billion.

(Reporting by Ramkumar Iyer in Bengaluru; Editing by Kirti Pandey)

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