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) 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
HEICO Corp. (HEI) and Worthington Industries Inc. (WOR) are slated to release their quarterly results on December 18, 2017. Poultry giant Sanderson Farms has blamed the national anthem protests in National Football League for its lower sales for the fourth-quarter and full year. Sanderson Farms, which is one of the biggest chicken providers in the US, said that NFL protests involving players taking a knee during the national... Amazon would reportedly sell Google's Chromecast streaming adapter for this Christmas. The online retailer giant has banned the product from its site for the last two years and has presumably settle the issues. Though the product is not available for sale, it has listed 4K-capable Chromecast Ultra adapter.
comments powered by Disqus
Follow RTT