Federated Department Stores, Inc. reported total sales of $1.460 billion for the four weeks ended November 29, 2003, a decrease of 0.8 percent compared to total sales of $1.471 billion in the same period last year. On a same-store basis, Federated's November sales were essentially flat at down 0.1 percent.
For the year to date, Federated's sales totaled $11.671 billion, down 1.8 percent from total sales of $11.889 billion in the first 43 weeks of 2002. On a same-store basis, Federated's year-to-date sales also were down 1.8 percent.
Terry J. Lundgren, Federated's president and chief executive officer, said the company's November sales were consistent with the company's prior guidance of same-store sales in the range of down 1 percent to up 1 percent. He added that the company continues to expect this range of same-store sales for December and the fourth quarter overall.
