Macy’s, Inc. reported total sales of $2.47 billion for the four weeks ended Nov. 26, 2011, an increase of 5.3 percent compared with total sales of $2.34 billion in the four weeks ended Nov. 27, 2010. On a same-store basis, Macy’s, Inc. sales were up 4.8 percent in November.
“A strong Black Friday punctuated our very positive sales performance throughout November at both Macy's and Bloomingdale's. This was the first year that Macy's stores opened at 12 midnight on Black Friday, which particularly attracted millennial customers who gravitate to the fashion, newness and value in our merchandise assortments,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy's, Inc. “Our success in November came on top of a very strong month last year and continued the upward trend in our business in stores and online.”
For the year to date, Macy's, Inc. sales totaled $20.146 billion, up 5.6 percent from total sales of $19.075 billion in the first 43 weeks of 2010. On a same-store basis, Macy’s, Inc.’s year-to-date sales were up 5.2 percent.
Online sales (macys.com and bloomingdales.com combined) were up 49.6 percent in November and 40.9 percent in 2011 year-to-date. Online sales are included in the same-store sales calculation for Macy's, Inc.
Macy's, Inc. reiterated its fourth quarter guidance for same-store sales to be up by 4 percent to 4.5 percent. Should the November sales trend continue, the company said it could exceed that guidance.
