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Online sales remain positive
Macy's Inc. (Cincinnati) reported total sales for the five weeks ended July 4, 2009, dropped 9.1 percent to $2.045 billion. On a same-store basis, Macy's sales were down 8.9 percent.
The company says the results are consistent with management's expectations and the company's year-to-date sales trend, which shows sales down 9.4 percent. Macy’s online sales (macys.com and bloomingdales.com combined) were up 8.2 percent in June and 13.6 percent for the year.
Macy's Inc. operates more than 840 department stores in 45 states.
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