Macy's Inc. (Cincinnati) reported total sales of $1.3 billion for the four weeks ended Jan. 29, 2011, an increase of 4.6 percent. On a same-store basis, Macy's sales grew 2.6 percent for the month.
For the fourth quarter of fiscal 2010, Macy's sales totaled $8.270 billion and same-store sales grew 4.3 percent, landing on the upper end of the company's guidance for fourth quarter same-store sales of between 3.5 percent and 4.5 percent.
For fiscal 2010 as a whole, the department store operator says sales grew $25.004 billion with same-store basis increasing 4.6 percent.
“January represented a successful conclusion to a great year of sales growth at Macy's, Inc.,” says Terry Lundgren, chairman, president and ceo, Macy's Inc. “While sales in January were restrained by the series of snowstorms that caused widespread store closings along the East Coast and in the Southeast U.S., we continued to benefit from the underlying strength in our business.”
Lundgren says same-store sales for fiscal 2010 were above plan in every Macy's region, as well as at Bloomingdale's.
Macy's operates about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's, as well as four Bloomingdale's outlet stores.