Macy's Strong January Boosts Fiscal Year Sales
Friday February 8th, 2013 - 1:38PM
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For fiscal 2012, Macy’s, Inc. has announced that its sales came in at $27.69 billion, up 4.9% from fiscal 2011. On a comparable store basis, matching 52-week periods this year and last, Macy’s sales were up 3.7%.
For the five weeks ended February 2, Macy’s reported total sales of $1.8 billion, an increase of 34.6% over the four weeks ended January 28, 2012. On a comp store basis, matching four-week periods this year and last, Macy’s sales gained 11.7% versus January 2012.
Macy's January comps beat published financial analyst estimates handily.
For the 14-week fourth quarter of fiscal 2012, Macy’s sales totaled $9.35 billion, up 7.2% from the 13-week finish of 2011. On a comp store basis, matching 13-week periods this year and last, the company’s fourth quarter sales increased 3.9%.
Online sales at macys.com and bloomingdales.com combined gained 48.9% in January, 47.7% in the fourth quarter and 41% for the full year versus the same periods in 2011. Online sales positively affected Macy’s comps by 3.3 percentage points in the fourth quarter and 2.2 percentage points in fiscal 2012 as a whole, Macy’s pointed out.
“Simply put, January was an outstanding month for Macy’s and Bloomingdale’s,” said Terry Lundgren, Macy’s chairman, president and. CEO. “Our sales were driven by our strategy to flow in more fresh fashion goods in December to better serve post-holiday shoppers seeking new and interesting merchandise. This exceptional January performance capped our company’s third consecutive year of topline sales growth of more than $1 billion, which began in 2009 when we restructured Macy’s into a national retailer with a local focus. Clearly, our strategies are resonating with customers as they shop in our stores, online and via mobile. We are continuing to execute new elements within our key strategies to maintain the growth and momentum in our business. Our team across the company remains committed to innovation and continuous improvement through enhanced localization of our merchandising and marketing strategies, omnichannel integration and customer engagement.”
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