Cincinnati-based Macy's Inc. reports total sales of $1.928 billion for the four weeks ended April 28, 2012, an increase of 0.4 percent compared with total sales for the same quarter in 2011. Same-store basis grew 1.2 percent in April 2012.
For March-April combined, same-store sales increased 4.4 percent. The company says it expected April sales to be weaker than in March, based on a calendar shift in Easter sales.
“Our business at Macy's and Bloomingdale's continues to perform very well and sales in April met our expectations,” says Terry Lundgren, chairman, president and ceo, Macy's, Inc. “Our customers continue to respond to fresh fashion merchandise. Our assortment is trend-right and distinctive and we continue to see the power of our omnichannel strategy in driving sales online and in the stores.”
For the first quarter, Macy's sales totaled $6.147 billion, up 4.4 percent from total sales in the first 13 weeks of 2011. On a same-store basis, Macy's first quarter sales grew 4.4 percent.