Macy's, Inc. Same-Store Sales up 4.9% in September

Macy's, Inc. M today reported total sales of $2.298 billion for the five weeks ended Oct. 1, 2011, an increase of 5.3 percent compared with total sales of $2.181 billion in the five weeks ended Oct. 2, 2010. On a same-store basis, Macy's, Inc. sales were up 4.9 percent in September. “We continued to see a strong sales trend in September at both Macy's and Bloomingdale's. Our sales performed well both in stores and online. This underscores that our business remains on track, despite the persistently negative macroeconomic news,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy's, Inc. “Our customers are responding to fashion and uniqueness in the assortment at Macy's and Bloomingdale's. We are feeling quite confident that we will continue to gain market share as we head toward the holiday selling season.” For the year to date, Macy's, Inc.'s sales totaled $15.840 billion, up 6.1 percent from total sales of $14.928 billion in the first 35 weeks of 2010. On a same-store basis, Macy's, Inc.'s year-to-date sales were up 5.6 percent. Online sales (macys.com and bloomingdales.com combined) were up 43.3 percent in September and 39.4 percent year to date. Online sales are included in the same-store sales calculation for Macy's, Inc.