NY-based premier retailer Macy's year-to-date sales fall 1.1%
10 Aug '07
1 min read
Macy's Inc reported total sales of $1.602 billion for the four weeks ended Aug. 4, 2007, a decrease of 0.2 percent compared to total sales of $1.605 billion in the same period last year.
On a same-store basis, Macy's Inc sales were down 1.4 percent in July. This is within the company's guidance for same-store sales to be flat to down 3 percent in July.
For the 13-week second quarter of 2007, Macy's Inc sales totaled $5.894 billion, a decrease of 1.7 percent compared to total sales of $5.995 billion in the same period last year. On a same-store basis, Macy's Inc second quarter sales were down 2.6 percent.
For the year to date, Macy's Inc sales totaled $11.815 billion, down 0.9 percent from total sales of $11.925 billion in the first 26 weeks of 2006. On a same-store basis, Macy's Inc's year-to-date sales were down 1.1 percent.
Macy's Inc expects same-store sales in August to be in the range of down 1 percent to up 2 percent. The company is slated to report its second quarter earnings on Wednesday, Aug. 15, and will webcast a call with financial analysts that day at 10:30 a.m. (ET).
marketing@alchempro.com
