Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Macy's Feb. Comps Rise; Sees Growth In March-April Period - Quick Facts

RELATED NEWS
Trade M now with 
3/1/2012 8:14 AM ET

Department stores chain Macy's, Inc. (M: Quote) on Thursday reported that its same store sales for the month of February increased 4.6 percent. Total sales for the four weeks ended February 25 was $1.86 billion, an increase of 5.5 percent from prior year's $1.76 billion. Online sales were up 31.3 percent in February.

Terry Lundgren, chairman, president and chief executive officer of Macy's, said, "Our fiscal 2012 is off to a good start with February sales that exceeded our expectations."

During the period, the company experienced good consumer response to early spring deliveries in women's apparel, and continued strong trends in accessories, shoes, cosmetics, men's and home, which bodes well for the months ahead.

Looking ahead, the company said that same-store sales in its combined March-April period would be up by approximately 3 percent to 3.5 percent. March same-store sales are planned to be stronger than April, given a calendar shift in which the pre-Easter period falls into March this year versus April last year.

Click here to receive FREE breaking news email alerts for Macy's Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Russian Foreign Minister Sergei Lavrov warned Wednesday that Moscow would retaliate strongly if its "interests" in Ukraine are attacked. He also criticized the Ukrainian administration for relaunching its so-called anti-terrorist operation in the east of the country a day earlier. Lavrov's remarks came in an interview with Russia Today, which published excerpts of the English-language interview to While selling pressure has remained relatively subdued, stocks continue to see modest weakness in mid-day trading on Wednesday. The losses on the day come on the heels of the upward trend seen over the past several sessions. The major averages have moved roughly sideways in recent trading, lingering in the red. While a majority of Kentucky voters approve of the way Rand Paul is handling his job as Senator, the results of New York Times/Kaiser Family Foundation poll showed that voters from the Bluegrass State have a more mixed view on Paul's potential run for president in 2016.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.