Macy’s, Inc. Same-Store Sales up 4.2% in May
CINCINNATI--(BUSINESS WIRE)-- Macy’s, Inc. (NYSE:M) today reported total sales of $2.015 billion for the four weeks ended May 26, 2012, an increase of 4.1 percent compared with total sales of $1.936 billion in the four weeks ended May 28, 2011. On a same-store basis, Macy’s, Inc. sales were up 4.2 percent in May 2012 as compared to May 2011.
“The momentum in our business continued in May, and came on top of a very strong month last year. Growth in May 2012 came from stores and online, and across geography and categories of business,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc. “We are seeing the ongoing benefit of the key strategies that have propelled our success over the past several years, including My Macy’s localization, omnichannel integration and associate training to enhance customer engagement. Our organization continues to grow stronger and remains focused on disciplined implementation of strategies that are centered on the customer.”
For the year to date, Macy’s, Inc.’s sales totaled $8.158 billion, up 4.3 percent from total sales of $7.825 billion in the first 17 weeks of 2011. On a same-store basis, Macy’s, Inc.’s year-to-date sales were up 4.3 percent in 2012 over 2011.
Online sales in 2012 (macys.com and bloomingdales.com combined) were up 42.3 percent in May and 35.7 percent year-to-date compared to 2011. Online sales are included in the same-store sales calculation for Macy's, Inc.
Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the nation’s premier retailers, with fiscal 2011 sales of $26.4 billion. The company operates about 840 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 eight Bloomingdale’s Outlet stores.
All statements in this press release that are not statements of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based upon the current beliefs and expectations of Macy’s management and are subject to significant risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including conditions to, or changes in the timing of, proposed transactions, prevailing interest rates and non-recurring charges, competitive pressures from specialty stores, general merchandise stores, off-price and discount stores, manufacturers’ outlets, the Internet, mail-order catalogs and television shopping and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the Securities and Exchange Commission.
(NOTE: Additional information on Macy’s, Inc., including past news releases, is available at www.macysinc.com/pressroom).
Jim Sluzewski, 513-579-7764
Matt Stautberg, 513-579-7780
Source: Macy’s, Inc.
Released May 30, 2012