The May Department Stores Company reported preliminary net sales of $927.4 million for the four-week period ended July 30, 2005, a 13.4% increase from $817.9 million in the similar period last year. Store-for-store sales decreased 3.3%.
Net sales for the second quarter of fiscal 2005 were $3.45 billion, a 16.6% increase compared with $2.96 billion during the second quarter of fiscal 2004.
Net sales for the first half of fiscal 2005 were $6.81 billion, a 15.1% increase compared with $5.92 billion during the first six months of fiscal 2004.
Net sales were as follows:
Fiscal Fiscal Percent Store-for-Store
(dollars in millions) 2005 2004 Increase Decrease
July $ 927.4 $ 817.9 13.4% (3.3)%
Second quarter 3,445.4 2,955.6 16.6 (1.6)
Year-to-date 6,814.8 5,918.5 15.1 (3.4)
Net sales include merchandise sales and lease department income. Store- for-store sales compare sales of stores open during both years beginning the first day a new store has prior-year sales and exclude sales of stores closed during both years.
During July, May opened a new Kaufmann's store in Pittsburgh, Pa., and the Bridal Group opened one David's Bridal store and one After Hours Formalwear store. Six additional department stores are planned for 2005: three Foley's stores in Loveland, Colo., and San Antonio and Dallas/Fort Worth, Texas; a Hecht's store in N. Charlotte, N.C.; a Kaufmann's store in Columbus, Ohio; and a Robinsons-May store in Simi Valley, Calif. The Bridal Group plans to open an additional 14 David's Bridal stores and 11 After Hours stores by year-end.
