Macy's January Same-Store Sales up 2.6%

Macy's, Inc. M today reported total sales of $1.310 billion for the four weeks ended Jan. 29, 2011, an increase of 4.6 percent compared with total sales of $1.253 billion in the four weeks ended Jan. 30, 2010. On a same-store basis, Macy's, Inc. sales were up 2.6 percent in January. For the 13-week fourth quarter of fiscal 2010, Macy's, Inc.'s sales totaled $8.270 billion, up 5.4 percent from total sales of $7.849 billion for the final 13 weeks of 2009. On a same-store basis, the company's fourth quarter sales were up 4.3 percent. This is on the high end of the company's guidance for fourth quarter same-store sales to be up between 3.5 percent and 4.5 percent.