Macy's, Inc. reported total sales of $1.743 billion for
the four weeks ended May 30, 2009, a decrease of 9.5% compared
with total sales of $1.926 billion a year ago. On a same-store basis, sales were down 9.1%.
The company said results were consistent with management's expectations and the company's
year-to-date sales trend.
For the year to date, Macy's, Inc.'s sales totaled $6.942 billion, down
9.5% from total sales of $7.673 billion in the first 17 weeks of
2008. On a same-store basis, sales were down
9.1%.
Online sales (macys.com and bloomingdales.com combined) were up 12.2% in May 2009 and 15.2% for the year to date. Online sales
are included in the same-store sales calculation for Macy's, Inc.
The company operates more than 840 department stores in 45
states, the District of Columbia, Guam and Puerto Rico under the names
of Macy's and Bloomingdale's.
