Federated Department Stores November Same-Store Sales Rose 1.4%

Federated Department Stores

(FD)

, which owns

Bloomingdale's

and

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.