Categories: Department StoresHeadlines

Macy's Reports Drop in March

Macy’s Inc. (Cincinnati) reported total sales decreased 9.8 percent for the five weeks ended April 4, 2009, compared to the same period in 2008. On a same-store basis, Macy's sales were down 9.2 percent in March, consistent with management's expectations, the company says.

For the year to date, Macy’s sales are down 9.6 percent and same-store sales are 8.9 percent lower compared to the first nine weeks of 2008.

Online sales at macys.com and bloomingdales.com rose 17.9 percent in March and 17.1 percent for the year to date. The department store retailer includes online sales in its same-store sales calculations.

VMSD Staff

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