Macy’s, Inc. reported total sales of $2.30 billion for the five weeks ended Oct. 1, an increase of 5.3 percent compared with total sales of $2.18 billion in the five weeks ended Oct. 2, 2010. Macy’s, Inc. same-store sales were up 4.9 percent in September.
“We continued to see a strong sales trend in September at both Macy’s and Bloomingdale’s. Our sales performed well both in stores and online. This underscores that our business remains on track, despite the persistently negative macroeconomic news,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc. “Our customers are responding to fashion and uniqueness in the assortment at Macy’s and Bloomingdale’s. We are feeling quite confident that we will continue to gain market share as we head toward the holiday selling season.”
For the year to date, Macy’s, Inc.’s sales totaled $15.84 billion, up 6.1 percent from total sales of $14.93 billion in the first 35 weeks of 2010. On a same-store basis, Macy’s, Inc.’s year-to-date sales were up 5.6 percent.
Online sales (www.macys.com and www.bloomingdales.com combined) were up 43.3 percent in September and 39.4 percent year to date. Online sales are included in the same-store sales calculation for Macy's, Inc.
The company currently expects the increase in its third quarter same-store sales to be on the high end of previously provided guidance of 4 percent to 4.5 percent, and reiterated expectations for fourth quarter same-store sales to be in the range of 4 percent to 4.5 percent.
