Macy’s, Inc. reported total sales of $1.693 billion for the four weeks ended July 28, 2012, an increase of 5.1 percent compared with total sales of $1.611 billion in the four weeks ended July 30, 2011. On a same-store basis, Macy’s, Inc. sales were up 4.1 percent in July 2012 as compared to July 2011.
“We ended the first half of 2012 with strong sales in July. Despite some challenges from a sluggish macroeconomic environment and a temporary disruption of sales from the remodeling project at our Herald Square flagship store in New York City, the spring season met our expectations,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc. “Going into the fall and approaching the holidays, we continue to focus on crisp execution of our core strategies My Macy’s merchandise localization; Omnichannel integration of stores, online and mobile; and enhanced customer engagement through MAGIC Selling. We believe we will continue to gain market share by delivering fresh fashion, quality merchandise and great value for our customers.”
For the second quarter of 2012, the company’s total sales were $6.119 billion, up 3.0 percent from total sales of $5.939 billion in the same 13-week period last year. On a same-store basis, Macy’s, Inc.’s second quarter sales were up 3.0 percent.
For the year to date, Macy’s, Inc.’s sales totaled $12.262 billion, up 3.7 percent from total sales of $11.828 billion in the first 26 weeks of 2011. On a same-store basis, Macy’s, Inc.’s year-to-date sales were up 3.7 percent.
Online sales (macys.com and bloomingdales.com combined) were up 35.1 percent in July, 36.1 percent in the second quarter and 34.8 percent year-to-date in 2012 compared to 2011. Online sales positively affected the company’s same-store sales by 1.7 percentage points in the second quarter and 1.6 percentage points in the year to date. Online sales are included in the same-store sales calculation for Macy's, Inc.
