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- Macys, Inc. Same-Store Sales Down 0.8 Percent in October
Macys, Inc. Same-Store Sales Down 0.8 Percent in October
- By Maxamillion Blick
- Published 11/5/2009
- 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 third quarter of 2009, the company's total sales were $5.276 billion, a decrease of 3.9 percent compared to total sales of $5.493 billion in the same 13-week period last year. On a same-store basis, Macy's, Inc.'s third-quarter sales were down 3.6 percent.
For the year to date, Macy's, Inc. sales totaled $15.639 billion, down 7.8 percent from total sales of $16.958 billion in the first 39 weeks of 2008. On a same-store basis, Macy's, Inc.'s year-to-date sales were down 7.5 percent.
Online sales (macys.com and bloomingdales.com combined) were up 34.6 percent in October 2009, 21.1 percent in the third quarter and 15.6 percent for the year to date. Online sales positively affected the company's same-store sales by 0.6 percentage points in the third quarter and 0.5 percentage points in the year to date. Online sales are included in the same-store sales calculation for Macy's, Inc.
Macy's, Inc. is slated to report its third quarter earnings on Wednesday, Nov. 11, and will webcast a call with financial analysts and investors that day at 10:30 a.m. (ET). Macy's, Inc.'s webcast is accessible to the media and general public via the company's Web site at www.macysinc.com. Analysts and investors may call in on 1-888-609-5701, passcode 8710473. A replay of the conference call can be accessed on the Web site or by calling 1-888-203-1112 (same passcode) about two hours after the conclusion of the call.
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.
Read more Macy's News.
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