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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

Harmless Halloween decor or something more?Residents in a Phoenix neighborhood say they were alarmed to see their neighbor's display featuring four bloodied sheets hanging from a tree with nooses around the necks.One woman said she's offended by the decorations and feels they are extremely inappropriate."My most generous assessment is that it is a defiant, very racist act to make people feel unwelcome in this community, and it's heartbreaking," neighbor Amanda Gilmore said.Phoenix-based KNXV spoke to the homeowner, who said the decorations were simply up for a Halloween party and he did not anticipate the reactions from his neighbors. He took down the display after hearing the objections. 720

Historic flooding in India has left some metro Detroiters stranded. More than 300 people have died after floods hit southern India. Much of the state of Kerala is under water right now, closing international airports and leaving many visitors stranded. “It’s totally devastating and something nobody had expected,” said Sujith Menon, president of the Kerala Club in Detroit. It's being called one of the worst monsoon seasons in Kerala in more than 100 years. Many homes and businesses are under water right now, but folks in Michigan are trying to help those who are in a dire situation on the other side of this world.  659

Getting into an Ivy League or top ten university is typically extremely competitive and difficult, but the effects of the pandemic may be making it easier for some to now get into their dream school.Part of the reason for this is that enrollment is down at college campuses across the country.One poll, conducted by College Reaction and Axios, shows roughly 22 percent of college students have decided to take a gap year. That equates to about 4 million fewer college students enrolled this academic year.“Right now, colleges, as you have seen, they are desperate for tuition dollars,” said Christopher Rim, CEO of Command Education, a company that helps students get into competitive colleges. "Six out of 10 colleges want to fill their classes.”For months now, Rim has seen how the pandemic is making it much easier for students to get into some highly-competitive schools.“We had students who were waitlisted at top 10 and top 15 universities, and in a typical year, they would not have been getting in,” said Rim. “In June or July, they were getting offers of admissions, saying they are off the waitlist.”Rim says it’s because students have been deferring enrollment or taking a gap year.The gap-year trend and resulting reduced competition is also leading to a trend in college transfers. Rim’s company has had three to four times as many college students contact them this year, looking for help with a transfer.“We are having all of these transfer students reach out to us and say, ‘You know what? I want to transfer. This is the time to transfer. I’ll have the best shot. If my dream school was Georgetown or if my dream school was Yale, what do I need to do to stand out and get in because these schools also need students?’” said Rim.While current transfer students may have less competition, and thus, a better shot at getting into their preferred schools, high school seniors should prepare for this trend to reverse when they are applying for admissions in the fall of 2021.“For the current students right now, who are applying to colleges and they are seniors in high school, they are going to have the most difficult time,” said Rim. “Because all the students who took the gap year have taken those spots. Harvard has said 20 percent of their freshman incoming class has opted to take a gap year, which means Harvard is going to take 20 percent fewer freshmen.” 2385

Here are several things the National Transportation Safety Board will examine as it investigates the limousine crash that killed 20 people in upstate New York last week: 177