Macy's, Inc. saw total sales for the month of August increase 3.7% to $1.79 billion from $1.72 billion in the same period last year. On a same-store basis, Macy's, Inc. sales were up 2.4% in August. This exceeds the company's guidance for August same-store sales to be in the range of down 1% to up 2%.
For the year to date, Macy's, Inc. sales totaled $13.602 billion, down 0.3% from total sales of $13.649 billion in the first 30 weeks of 2006. On a same-store basis, Macy's, Inc.'s year-to-date sales were down 0.6%.
Macy's, Inc. expects same-store sales to be down 1% to 3% in September. Last year's September included the Macy's nationwide brand launch. The company continues to expect same-store sales in the range of down 1% to up 1% for the third quarter of 2007.
