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Macy's sales down 8.5 percent in February

March 05, 2009

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Cincinnati--Same-store sales at Macy's Inc. decreased 8.5 percent for the four weeks ended Feb. 28, the company announced on Thursday.

Total sales for the period decreased 9.3 percent to $1.576 billion, compared with $1.737 billion for the four weeks ended March 1, 2008.

Sales totals are consistent with management's expectations, the company said in a media release.

Online sales (Macys.com and Bloomingdales.com combined), in contrast, increased 16.2 percent in February. (Online sales are included in the same-store sales calculation.)

Macy's Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2008 sales of $24.9 billion. The company operates more than 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's. The company also operates Macys.com and Bloomingdales.com.
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