MACY’S • BLOOMINGDALE’S
2012 Sales By Month
(1) Represents the period-to-period change in net sales from stores in operation throughout 2012 and 2011 and all net Internet
sales, adjusting for 53rd week in 2012, excluding commissions from departments licensed to third parties.
(2) Represents comparable sales growth including the impact of growth in sales of departments licensed to third parties occurring
in stores in operation throughout the 2012 and 2011 and via the Internet. The Company licenses third parties to operate certain departments in its stores and online and receives commissions from these third parties based on a percentage of their net sales.
In its financial statements prepared in conformity with GAAP, the Company includes these commissions (rather than sales of the
departments licensed to third parties) in its net sales. The Company does not, however, include any amounts in respect of licensed
department sales (or any commissions earned on such sales) in its comparable sales in accordance with GAAP. The impact of growth in comparable sales of departments licensed
to third parties amounted to 0.2%, 0.2%, 0.2% and 0.3% for the 1st, 2nd, 3rd and 4th quarters of 2012, respectively, and 0.3% for fiscal 2012.