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- Macys, Inc. Same-Store Sales Down 8.9 Percent in June 2009
Macys, Inc. Same-Store Sales Down 8.9 Percent in June 2009
- By Maxamillion Blick
- Published 07/9/2009
- Retail News Articles
- Unrated
Maxamillion Blick
Fashion Industry Ghost Writer ... Freelance writer for the Apparel Search Company. A contributor as well as inspiration to Apparel Search. My goal is to make the Fashion Newspaper a leading resource for locating fashion news on the internet.
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For the year to date, Macy’s, Inc.’s sales totaled $8.988 billion, down 9.4 percent from total sales of $9.922 billion in the first 22 weeks of 2008. On a same-store basis, Macy’s, Inc.’s year-to-date sales were down 9.0 percent.
Online sales (macys.com and bloomingdales.com combined) were up 8.2 percent in June 2009 and 13.6 percent for the year to date. 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 2008 sales of $24.9 billion. The company operates more than 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's. The company also operates macys.com and bloomingdales.com. Prior to June 1, 2007, Macy's, Inc. was known as Federated Department Stores, Inc.
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