Macy's, Inc. reported total sales of $1.602 billion for the four weeks
ended Aug. 4, a decrease of 0.2 percent compared to total sales of
$1.605 billion in the same period last year. On a same-store basis,
Macy's, Inc. sales were down 1.4 percent in July
This is within the company's guidance for same-store sales to be flat to down 3 percent in July.
For the 13-week second quarter of 2007, Macy's, Inc. sales totaled
$5.894 billion, a decrease of 1.7 percent compared to total sales of
$5.995 billion in the same period last year. On a same-store basis,
Macy's, Inc. second quarter sales were down 2.6 percent.
For the year to date, Macy's, Inc. sales totaled $11.815 billion, down
0.9 percent from total sales of $11.925 billion in the first 26 weeks
of 2006. On a same-store basis, Macy's, Inc.'s year-to-date sales were
down 1.1 percent.
Macy's, Inc. expects same-store sales in August to be in the range of down 1 percent to up 2 percent.
Macy's, Inc., with corporate offices in Cincinnati and New York, is one
of the nation's premier retailers, with fiscal 2006 sales of $27
billion. The company operates more than 850 department stores in 45
states, the District of Columbia, Guam and Puerto Rico under the names
of Macy's and Bloomingdale's. The company also operates macys.com,
bloomingdales.com and Bloomingdale's By Mail. Prior to June 1, 2007,
Macy's, Inc. was known as Federated Department Stores, Inc.