Macy's, Inc. (M) Announces Same-Store Sales Down 2.7%

Macy's, Inc. (NYSE: M) today reported total sales of $2.274 billion for the five weeks, ended Oct. 6, 2007, a decrease of 1.1 percent compared to total sales of $2.300 billion in the same period last year. Same-store sales were down 2.7 percent in September, within the company's guidance range for September same-store sales of down 1 percent to 3 percent. Macy's, Inc. expects same-store sales in October in the range of down 1 percent to up 2 percent. The company continues to expect same-store sales in the range of down 1 percent to up 1 percent for the third quarter of 2007.

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