logo
Share SHARE
FONT-SIZE Plus   Neg

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

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This footwear company outperformed in the latest first quarter, despite significant headwinds from a strong U.S. dollar, slowdown at the west coast ports and seasonably cold weather in certain key markets and less efficient operations than originally anticipated at the company's European distribution center. UK-based oil giant BP Plc. and French peer Total SA Tuesday reported lower profit for the first quarter, as oil prices declined sharply from the previous year. However, results reflected stronger overall refining environment. Hartford Financial reported a decline in first-quarter profit, despite growth in premiums, due mainly to the absence of gains recorded last year.
comments powered by Disqus
RELATED NEWS
Trade M now with 
Follow RTT