Macy's Inc. recorded better than expected results for its quarterly profit and according to the reports the same store sales reached a growth level of 1 percent to 2 percent, this year.

According to the latest reports, the store operator recorded a net income of $466 million, or $1.10 a share for the fourth quarter, as compared to the loss of $4.77 billion, or $11.33 a share, last year.

However the Shares of Macy's dipped a 1.4 percent to $18.21 in the premarket trading, which closed at $18.47 yesterday on the Stock Exchange.

According to the researchers, the trend of sales has started getting better while the company is planning to come down to the local and regional markets.

Further commenting, the officials of Macy said that the economic condition is not that great at the moment but will gradually recover and in the near terms the market will gain its share by inclining sales at stores.