Department Stores

Macy’s Sales Grow in August

Same-store sales up 5 percent

Published

13 years ago

September 1, 2011

VMSD Staff

Macy's Inc. (Cincinnati) reported total sales of $1.716 billion for the four weeks ended Aug. 27, 2011, an increase of 4.9 percent over last year. On a same-store basis, Macy's, Inc. sales grew 5 percent in August.

“We are very pleased with our August sales results, especially considering that more than 100 of our stores, including some of the largest-volume locations in our company, were closed for all or part of Saturday on a very important shopping weekend because of Hurricane Irene,” says Terry Lundgren, chairman, president and ceo, Macy's.

Macy’s estimates that its same-store sales for the month of August, which ended on Saturday, would have been 1.5 percentage points higher if not for the store closings and reduced customer traffic caused by the hurricane.

For the year to date, Macy's sales totaled $13.544 billion, up 6.3 percent from the first 30 weeks of 2010. Year-to-date same-store sales are up 5.8 percent.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design