Macy's (M) November Comps Up 13.4%

Macy's, Inc. (NYSE: M) said same-store were up 13.4 percent in November. The company reported total sales of $2.713 billion for the four weeks ended Dec. 1, 2007, an increase of 13.9%.

CEO Terry J. Lundgren said, ""Our business in November was strong as customers responded positively to the holiday season offering at Macy's and Bloomingdale's. Sales also benefited from cold weather throughout many parts of the country during much of the November period."

Macy's expects December same-store sales to be down by 4 to 7 percent compared with last year. Macy's, Inc. continues to expect that same-store sales for the fourth quarter as a whole to be in the range of down 2 percent to up 1 percent.

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