Macy's, Inc. saw total sales for fiscal September
decrease 1.1% to $2.274 billion from $2.300 billion in the same period
last year. On a same-store basis, sales were down 2.7% in September,
within the company's guidance for September same-store sales to be in
the range of down 1% to 3%.
$15.873 billion, down 0.5% from total sales of $15.949 billion in the
first 35 weeks of 2006. On a same-store basis, Macy's, Inc.'s
year-to-date sales were down 0.9%.
“Consumers responded positively to the launch of our
exclusive Martha Stewart Collection at Macy's in September,” said Terry
J. Lundgren, chairman, president and chief executive officer of Macy's,
Inc. “Overall September sales were down, as expected, because of the
comparison to a very strong Macy's nationwide brand launch in this
month last year, which included the conversion of more than 400 former
May Company stores to the Macy's nameplate, supported by intensive
marketing and events at every location across the country. Sales trends
this September were negatively impacted by unseasonably warm weather in
the Northeast and Midwest.”
Macy's, Inc. expects same-store sales in October in
the range of down 1% to up 2%. The company continues to expect
same-store sales in the range of down 1% to up 1% for the third quarter
of 2007.
