Macys, Inc.reported total sales of $1.377 billion for the four weeks ended Aug. 1, a decrease of 10.7% compared with total sales of $1.543 billion in the year-ago period. On a same-store basis, Macys, Inc. sales also were down 10.7% in July.
For the second quarter of 2009, the companys total sales were $5.165 billion, a decrease of 9.7 percent compared to total sales of $5.718 billion in the same 13-week period last year. On a same-store basis, Macys, Inc.s second-quarter sales were down 9.5 percent.
For the year to date, Macys, Inc. sales totaled $10.364 billion, down 9.6% from total sales of $11.465 billion in the first 26 weeks of 2008. On a same-store basis, Macys, Inc.s year-to-date sales were down 9.3%.
Online sales (macys.com and bloomingdales.com combined) were up 7.9% in July 2009, 9.4 percent in the second quarter and 12.7% for the year to date. Online sales positively affected the companys second quarter and year-to-date 2009 same-store sales by 0.5 percentage points. Online sales are included in the same-store sales calculation for Macy's, Inc.
Macys, Inc. said it expects second quarter earnings of 15 cents to 17 cents per diluted share, excluding restructuring-related costs associated with division consolidations and localization initiatives announced in February 2009.