Macy's, Inc. reported total sales of $1.77 billion for the four weeks ended Feb. 26, 2011, an increase of 5.9% compared with total sales of $1.67 billion a year ago. On a same-store basis, Macy's sales were up 5.8% in February.
Online sales (macys.com and bloomingdales.com combined) were up 30.9 percent in February. Online sales are included in the same-store sales calculation for Macy's, Inc.
“Our fiscal 2011 started off with a stronger-than-expected February performance at both Macy's and Bloomingdale's. Consumer reaction to new spring merchandise has been encouraging,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy's, Inc.
The company said same-store sales in its combined March-April period are expected to be up by approximately 3%, consistent with full-year guidance. March same-store sales are planned to be down, with April planned to be up, given a calendar shift in which the pre-Easter period and a planned cosmetics promotion fall into April this year versus March last year.
The company operates about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's, as well as the macys.com and bloomingdales.com websites. The company also operates four Bloomingdale's outlet stores.
