Macy’s, Inc. (NYSE:M) today reported total sales of $1.743 billion for
the four weeks ended May 30, 2009, a decrease of 9.5 percent compared
with total sales of $1.926 billion in the four weeks ended May 31, 2008.
On a same-store basis, Macy’s, Inc. sales were down 9.1 percent in May.
This is consistent with management’s expectations and the company’s
year-to-date sales trend.
For the year to date, Macy’s, Inc.’s sales totaled $6.942 billion, down
9.5 percent from total sales of $7.673 billion in the first 17 weeks of
2008. On a same-store basis, Macy’s, Inc.’s year-to-date sales were down
9.1 percent.
Online sales (macys.com and bloomingdales.com combined) were up 12.2
percent in May 2009 and 15.2 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.
All statements in this press release that are not statements of
historical fact are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are
based upon the current beliefs and expectations of Macy’s management and
are subject to significant risks and uncertainties. Actual results could
differ materially from those expressed in or implied by the
forward-looking statements contained in this release because of a
variety of factors, including conditions to, or changes in the timing
of, proposed transactions, prevailing interest rates, changes in
expected synergies, cost savings and non-recurring charges, competitive
pressures from specialty stores, general merchandise stores,
manufacturers' outlets, off-price and discount stores, new and
established forms of home shopping (including the Internet, mail-order
catalogs and television) and general consumer spending levels, including
the impact of the availability and level of consumer debt, the effect of
weather and other factors identified in documents filed by the company
with the Securities and Exchange Commission.
(NOTE: Additional information on Macy’s, Inc., including past news
releases, is available at www.macysinc.com/pressroom).
Macy’s, Inc.
Media - Jim Sluzewski, 513-579-7764
Investor
- Susan Robinson, 513-579-7780
