Cincinnati-based Macy's Inc. reports total sales of $2.465 billion for the four weeks ended Nov. 26, 2011, an increase of 5.3 percent. Same-store sales grew 4.8 percent.
“A strong Black Friday punctuated our very positive sales performance throughout November at both Macy's and Bloomingdale's,” says Terry Lundgren, chairman, president and ceo of Macy's. “This was the first year that Macy's stores opened at 12 midnight on Black Friday, which particularly attracted millennial customers who gravitate to the fashion, newness and value in our merchandise assortments.
“Our success in November came on top of a very strong month last year and continued the upward trend in our business in stores and online,” says Lundgren.
Year to date, the department store retailer’s sales total $20.146 billion, an increase of 5.6 percent compared to the same period in 2010. On a same-store basis, Macy's year-to-date sales are up 5.2 percent. Online sales also increased, up 49.6 percent in November and 40.9 percent year-to-date.