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Hold off on that funeral dirge for Macy's. The department store isn't dead yet.Macy's topped Wall Street's profit forecasts Tuesday and provided a healthy outlook for this year.The results strongly suggest there is still room for traditional stores in the mall in a world increasingly dominated by the likes of Amazon and Walmart.Macy's chairman and CEO Jeff Gennette said the company was "encouraged" by improvement at the company's brick-and-mortar stores and continued growth in online sales.Gennette said digital revenue posted a double-digit percentage increase for the 34th quarter in a row, a run of more than eight years.And the company is still investing heavily in its Bluemercury chain of specialty beauty stores and the discount outlet Backstage. Macy's said it opened 36 Bluemercury stores and 30 Backstage stores last year, even as it closed 16 Macy's stores.Gennette added during a conference call with analysts that Macy's plans to open 100 more Backstage locations this year, including in malls.Macy's is also selling real estate to shore up its balance sheet. The company said it raised 1 million last year and .3 billion over the past three years by getting rid of some stores, warehouses and parking garages.Macy's is also working with real estate company Brookfield Asset Management on other transactions.Macy's said Tuesday it is selling several floors in its State Street store in Chicago to a real estate fund backed by Brookfield for million. Brookfield plans to convert the floors into office space.All this is good news for Macy's. But one analyst said Macy's needs to do more before its turnaround qualifies as a true Miracle on 34th Street."There is a long tail of shops that look dated, are in sub-optimal locations, and where the customer experience is poor. Macy's must remedy this if it is to transform the business," Neil Saunders, managing director of GlobalData Retail, said in a report.Nonetheless, the real estate transactions and improved sales outlook are two reasons Wall Street has fallen in love with Macy's again.The stock surged nearly 12% in early trading before pulling back a bit. Macy's has soared more than 45% in the past six months.Department store chains Kohl's, Nordstrom and JCPenney — which will all report results later this week — rallied as well Tuesday. Another chain, Dillard's, rose 12% too after it also posted strong quarterly results.Investors are clearly betting that Macy's wasn't the only traditional retailer that had a happy holiday season. 2527

Hope Hicks, the White House communications director, is resigning.One of President Donald Trump's longest-serving and closest aides, Hicks's resignation comes a day after she spent the day testifying before the House Intelligence Committee.The New York Times first reported her departure."There are no words to adequately express my gratitude to President Trump. I wish the President and his administration the very best as he continues to lead our country," Hicks said in a written statement.The President praised her as "outstanding.""She is as smart and thoughtful as they come, a truly great person. I will miss having her by my side but when she approached me about pursuing other opportunities, I totally understood. I am sure we will work together again in the future," Trump said in a written statement.Hicks' departure capped her meteoric rise from Trump Organization communications aide to the upper crust of power in Washington in just a few years, during which Hicks sought to maintain a remarkably low profile for someone in her position.Her resignation will undoubtedly reverberate for months to come inside the West Wing, where Trump will find himself for the first time in more than three years without the constant presence of his most loyal aide -- who is among the handful of aides who worked with Trump at his company, during the rollicking campaign and into the White House.At just 29, Hicks is now expected to return to the private sector with the heading of former White House communications director, a label of prestige that can unlock top positions at blue chip companies, six-figure TV deals and profitable, best-selling books.Some of those could be in the offing for Hicks, who has remained a mystery to many Americans despite her proximity to power and influential role.But Hicks will not exit the White House unstained, having drawn the scrutiny of special counsel Robert Mueller over her role in crafting the misleading statement about Donald Trump Jr.'s meeting with a Russian lawyer promising dirt on Hillary Clinton during the 2016 campaign.Hicks was one of the White House officials involved in crafting the statement aboard Air Force One that claimed Trump Jr., the President's son-in-law, Jared Kushner, and then-campaign chairman Paul Manafort took the meeting with the lawyer primarily to discuss US policy on Russian adoptions -- rather than because Trump Jr. believed the lawyer would provide incriminating information on Clinton from the Russian government.Hicks also came under fire more recently over her involvement in crafting the White House's initial defense of Rob Porter, the White House staff secretary who resigned in disgrace after two of his ex-wives publicly accused him of domestic abuse.Hicks, who at the time was dating Porter, did not recuse herself from the matter. Instead, she urged other White House officials to put out a robust defense of Porter in the face of the allegations.Hicks was one of Trump's first hires as he assembled a lean team of aides who would launch his improbable presidential campaign. From then until his election, she was a constant presence by his side -- traveling to nearly every rally, hovering within earshot during interviews and always prepared to type out a bombastic tweet as dictated by her boss.Hicks, who first entered the White House as director of strategic communications, rose to the position of communications director after her predecessor Anthony Scaramucci flamed out in just 10 days, after attacking fellow White House aides in a vulgarity-laden interview.The pick marked a 180-degree turn from the White House's earlier attempts to install a seasoned Republican strategist in the communications director post and was a tacit acknowledgment that wooing such a candidate was likely not in the cards.The Greenwich, Connecticut, native officially entered Trump's orbit in 2014, after the President's daughter Ivanka Trump poached Hicks from the public affairs firm where Trump had been a client. Soon enough, Hicks was working directly for the family patriarch at the Trump Organization and he asked her in 2015 to join his campaign as his press secretary. 4189

Game after game, LeBron James carried the Cavs against the Indiana Pacers, and the people at "Saturday Night Live" noticed.Boy, did they notice.In a skit that went unaired, "SNL" poked fun at "The Other Cavaliers" who will do anything for their fearless leader as long as it doesn't involve defense or scoring any points. Anything? Yep. From giving LeBron a high-five to holding his several cell phones, his teammates are always there when he needs them, unless it's for something important.In the show's defense, the sketch was probably written early in the week, before the Cavs went up 3-0 against the Raptors.  642

Harrison Ford will be grabbing his hat and whip for a fifth installment of the Indiana Jones movie series, about 40 years after the first movie was released.Disney announced the return of Ford in his iconic role in a tweet Friday.“Lucasfilm is in pre-production on the next installment of Indiana Jones. At the helm is James @Mang0ld, director of Ford v Ferrari, and Indy himself, Harrison Ford, will be back to continue his iconic character’s journey.” 461

General Motors recently announced that it would be shutting down five car factories in the United States and Canada and cutting 14,000 jobs. GM said at the time that factory workers would be offered jobs at other facilities where production is being increased and on Friday it offered an update on how things are going.Of the jobs GM plans to cut, 2,800 are hourly employees in the United States. These are generally assembly line workers who punch in and out for work each day as opposed to employees who are paid a salary.The automaker announced Friday that 1,100 of those hourly workers have volunteered to transfer to jobs at other factories, such as GM's Flint, Michigan, truck plant where heavy duty pickups are built and the Toledo transmission plant in Toledo, Ohio. Another 1,200 workers in that group are eligible for retirement, the company said.The US plants GM is shutting down are in Michigan, Ohio, and Maryland. These plants mostly made sedans, which have fallen out of favor as customers have shifted toward crossover SUVs and trucks.GM also said last month that Canadian workers would be offered jobs at other plants in that country.In total, the company announced it would cut 6,000 hourly and 8,000 salaried positions. In October, the company offered voluntary buyouts to 18,000 workers.GM CEO Mary Barra has said she wants to save money and reposition the company for future investments in autonomous driving technology and electric cars. She wants to do this now, she has said, rather than waiting and cutting jobs during an economic crisis."Today, we have a plan for the majority of employees currently working at our impacted plants in Maryland, Michigan, Ohio and Oshawa, Canada that includes job opportunities at other GM facilities," Barra tweeted Friday. "We're committed to doing the right thing, for the future of GM and our people." 1901