Macy's Same-Store Sales on the Rise

Macy's Inc. (Cincinnati) reported total sales of $1.789 billion for the four weeks ended May 29, 2010, an increase of 2.6 percent over last year. The department store retailer’s same-store sales grew 1.4 percent during the month.

“Our same-store sales in May would have been up by approximately 5 percent were it not for the later Memorial Day, which shifted the Sunday and Monday of the holiday weekend by one week into the June reporting period this year from the May reporting period last year,” says Terry Lundgren, chairman, president and ceo of Macy's Inc. “Customers are responding to the spring fashions at Macy's and Bloomingdale's, as well as to the tailored assortments that continue to evolve from My Macy's localization.”

For the year to date, Macy's sales totaled $7.363 billion, up 6.1 percent from the first 17 weeks of 2009, and same-store sales were up 4.4 percent. Online sales (which are included in the same-store sales calculation) were up 23.2 percent in May 2010 and 31.2 percent for the year to date.

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.