UPDATE 1-Macy's quarterly profit misses estimates on weak sales

May 11 (Reuters) - Department store operator Macy's Inc reported a lower-than-expected quarterly profit, as sales continued to tumble and as higher inventory weighed on margins, and the company's shares dropped 9 percent in premarket trading on Thursday.

by reutersCOMPANYNEWS via Endless Supplies .Biz - News