Skip to main content
Publish date:

Federated's Comps Rise 6.2%

The company continues to forecast total third-quarter sales of $5.9 billion to $6.1 billion.
Author:

Federated Department Stores

undefined

said September same-store sales rose 6.2%, exceeding the company's guidance for a 3% to 5% gain.

The owner of Macy's and Bloomingdale's said total sales for the month were $2.3 billion, a decrease of 6.5%.

TheStreet Recommends

For the year to date, Federated's sales totaled $15.95 billion, up 47.8% from last year, reflecting the acquisition of May Department Stores.

Federated expects same-store sales to increase by 5% to 7% in October. The company continues to forecast total third-quarter sales of $5.9 billion to $6.1 billion.