Macy’s, Inc. Same-Store Sales Up 11.7% In January

Macy’s, Inc. (NYSE:M) today reported total sales of $1.799 billion for the five weeks ended Feb. 2, 2013, an increase of 34.6 percent compared with total sales of $1.337 billion in the four weeks ended Jan. 28, 2012. The January period reflects an extra week in fiscal 2012, creating a 53-week fiscal year that occurs approximately every six years in the accounting cycle for most retailing companies.

On a same-store basis – which includes comparable four-week periods this year and last year – Macy’s, Inc. sales were up 11.7 percent in January as compared to January 2012.

“Simply put, January was an outstanding month for Macy’s and Bloomingdale’s. 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,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc. “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,” Lundgren said.

For the 14-week fourth quarter of fiscal 2012, Macy’s, Inc.’s sales totaled $9.350 billion, up 7.2 percent from total sales of $8.724 billion for the final 13 weeks of 2011. On a same-store basis – which includes comparable 13-week periods this year and last year – the company’s fourth quarter sales were up 3.9 percent.

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