May D.S. Comps Slip 4.1% in February

May Department Stores reported preliminary net sales of $1.01 billion for the four-week period ended Feb. 26, 2005, a 14.5% increase from $880 million in the similar period last year. Store-for-store sales decreased 4.2%. February store-for-store sales decreased 4.1%, excluding the remaining seven stores that May previously announced it will divest.

    Net sales were as follows:
                          Fiscal   Fiscal   Percent   Store-for-Store Decrease
     (dollars in millions) 2005     2004    Increase      Actual   Adjusted *
     February           $1,007.8   $880.4     14.5%        (4.2)%    (4.1)%
     * Excludes the remaining seven stores that May previously announced it
       will divest.