Macy's M today reported total sales of $2.358 billion for the
five weeks ended Sept. 29, 2012, an increase of 2.7 percent compared with
total sales of $2.297 billion in the five weeks ended Oct. 1, 2011. On a
same-store basis, Macy's, Inc. sales were up 2.5 percent in September 2012 as
compared to September 2011.
Same-store sales for August/September combined were up 3.6 percent in 2012 as
compared to the same period in 2011.
“Our sales in the two-month August/September period, which includes the
back-to-school season, were consistent with our positive year-to-date trend.
We continue to feel good about the remainder of our fall season as we begin to
ramp up receipts of fresh inventory for the cooler weather ahead,” said Terry
J. Lundgren, chairman, president and chief executive officer of Macy's, Inc.
“Our omnichannel approach to driving sales, including more robust store
fulfillment of orders that originate from other stores and online, continues
to be encouraging as we deploy our companywide inventory to satisfy customer
demand in every location during the upcoming holiday season and beyond.”
For the year to date, Macy's, Inc.'s sales totaled $16.430 billion, up 3.7
percent from total sales of $15.839 billion in the first 35 weeks of 2011. On
a same-store basis, Macy's, Inc.'s year-to-date sales were up 3.6 percent.
Online sales (macys.com and bloomingdales.com combined) were up 39.0 percent
in September and 35.8 percent year-to-date in 2012 compared to 2011. Online
sales are included in the same-store sales calculation for Macy's, Inc.
Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the
nation's premier retailers, with fiscal 2011 sales of $26.4 billion. The
company operates about 840 department stores in 45 states, the District of
Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's,
as well as the macys.com and bloomingdales.com websites. The company also
operates 11 Bloomingdale's Outlet stores.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in