Federated Department Stores November Same-Store Sales Rose 1.4%
Federated Department Stores
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, which owns
Bloomingdale's
and
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TheStreet Recommends
Macy's
, said same-store sales in November grew a disappointing 1.4%, but added that same-store sales may grow about 3% in December.
The company posted total sales of $1.72 billion for the four weeks ended Nov. 25, up from about $1.69 billion a year ago.
Shares of Federated were recently up 2%, or 63 cents, to $31.19 in
New York Stock Exchange
trading.
