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Macy’s, Inc. (NYSE:M) today reported total sales of $1.255 billion for the four weeks ended Jan. 30, 2010, an increase of 3.4 percent compared with total sales of $1.213 billion in the four weeks ended Jan. 31, 2009. On a same-store basis, Macy’s, Inc. sales were also up 3.4 percent in January.
“Now that we have implemented fundamental changes to Macy’s operating and organization structure in 2009, we are moving into 2010 firmly focused on the execution of our strategies.”
For the 13-week fourth quarter of fiscal 2009, Macy’s, Inc.’s sales totaled $7.851 billion, down 1.0 percent from total sales of $7.934 billion for the final 13 weeks of 2008. On a same-store basis, the company’s fourth quarter sales were down 0.8 percent. This is better than the company’s guidance for fourth quarter sales to be down between 1 percent and 2 percent.
..Online sales (macys.com and bloomingdales.com combined) were up 23.9 percent in January, 26.6 percent in the fourth quarter and 19.6 percent for fiscal 2009. Online sales positively affected the company’s same-store sales by 0.7 percentage points in the fourth quarter and 0.6 percentage points in fiscal 2009 as a whole. Online sales are included in the same-store sales calculation for Macy’s, Inc.
This is only a portion of their news report. Visit the Macy’s Article section for the full report.
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