Macy's, Inc. Same-Store Sales Up 2.5% in September
CINCINNATI--(BUSINESS WIRE)-- Macy's, Inc. (NYSE: M) today reported total sales of $2.358 billion for the five weeks ended Sept. 29, 2012, an increase of 2.7 percent compared with total sales of $2.297 billion in the five weeks ended Oct. 1, 2011. On a same-store basis, Macy's, Inc. sales were up 2.5 percent in September 2012 as compared to September 2011.
Same-store sales for August/September combined were up 3.6 percent in 2012 as compared to the same period in 2011.
"Our sales in the two-month August/September period, which includes the back-to-school season, were consistent with our positive year-to-date trend. We continue to feel good about the remainder of our fall season as we begin to ramp up receipts of fresh inventory for the cooler weather ahead," said Terry J. Lundgren, chairman, president and chief executive officer of Macy's, Inc. "Our omnichannel approach to driving sales, including more robust store fulfillment of orders that originate from other stores and online, continues to be encouraging as we deploy our companywide inventory to satisfy customer demand in every location during the upcoming holiday season and beyond."
For the year to date, Macy's, Inc.'s sales totaled $16.430 billion, up 3.7 percent from total sales of $15.839 billion in the first 35 weeks of 2011. On a same-store basis, Macy's, Inc.'s year-to-date sales were up 3.6 percent.
Online sales (macys.com and bloomingdales.com combined) were up 39.0 percent in September and 35.8 percent year-to-date in 2012 compared to 2011. Online sales are included in the same-store sales calculation for Macy's, Inc.
Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2011 sales of $26.4 billion. The company operates about 840 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 the macys.com and bloomingdales.com websites. The company also operates 11 Bloomingdale's Outlet stores.
All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy's management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates and non-recurring charges, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers' outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.
(NOTE: Additional information on Macy's, Inc., including past news releases, is available at www.macysinc.com/pressroom).
Jim Sluzewski, 513-579-7764
Matt Stautberg, 513-579-7780
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