Online Spurs Macy's Short September Sales Advance
Thursday October 4th, 2012 - 11:00AM
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Today, Macy's, Inc. reported a comparable sales increase of 2.5% for September 2012 versus the month last year. Total sales reached $2.36 billion for the five weeks ended September 29, an increase of 2.7% versus the five weeks ended October 1, 2011.
Published average analyst estimates called for Macy's comps to gain 3.3%. Online sales at macys.com and bloomingdales.com combined advanced by 39% percent in September. Macy's includes online sales in its company comp calculation.
"Our sales in the two-month August/September period, which includes the back-to-school season, were consistent with our positive year-to-date trend," said Terry Lundgren, Macy's, chairman, president and CEO. “We continue to feel good about the remainder of our fall season as we begin to ramp up receipts of fresh inventory for the cooler weather ahead. Our omnichannel approach to driving sales, including more robust store fulfillment of orders that originate from other stores and online, continues to be encouraging as we deploy our companywide inventory to satisfy customer demand in every location during the upcoming holiday season and beyond."
Macy's operates about 840 department stores in 45 of the United States, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's, as well as the macys.com and bloomingdales.com websites. It also operates 11 Bloomingdale's Outlet stores.
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