Macy’s, Inc. reported total sales of $1.80 billion for the four weeks ended May 29, 2010, an increase of 2.6% compared with total sales of $1.74 billion in the four weeks ended May 30, 2009. On a same-store basis, Macy’s, Inc. sales were up 1.4% in May, including a 23.2% increase in online sales.
“We were pleased with our sales results for the month of May. Our business trend strengthened toward the end of the month as the weather turned warmer and we approached Memorial Day. Our same-store sales in May would have been up by approximately 5% were it not for the later Memorial Day, which shifted the Sunday and Monday of the holiday weekend by one week into the June reporting period this year from the May reporting period last year,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc. “Customers are responding to the spring fashions at Macy’s and Bloomingdale’s, as well as to the tailored assortments that continue to evolve from My Macy’s localization.”
For the year to date, Macy’s, Inc.’s sales totaled $7.36 billion, up 6.1% from total sales of $6.94 billion in the first 17 weeks of 2009. On a same-store basis, Macy’s, Inc.’s year-to-date sales were up 4.4%.
Online sales (macys.com and bloomingdales.com combined) were up 23.2% in May 2010 and 31.2% for the year to date. Online sales are included in the same-store sales calculation for Macy's, Inc.
