Federated Department Stores' total sales were $1.359 billion for the five weeks ended April 2, 2005, an increase of 3.4% compared to total sales of $1.314 billion in the same period last year. On a same-store basis, Federated's March sales also were up 3.4%.
For the year to date, Federated's sales totaled $2.444 billion, up 2.5% from total sales of $2.384 billion in the first nine weeks of 2004. On a same-store basis, Federated's year-to-date sales were up 2.6%.
Because of an earlier Easter this year, Federated indicated last month that it anticipated a March same-store sales increase of about 2.5 percent, followed by a relatively flat April. The company said today that it is maintaining its April forecast.
