Federated Department Stores (FD) Reports July Same-Store Sales

Federated Department Stores, Inc. (NYSE: FD) reported total sales of $1.608 billion for the four weeks ended July 29, 2006, an increase of 61.3% compared to total sales of $998 million in the same period last year. On a same-store basis, Federated's sales for July were up 3.3%. This is within the company's guidance for a same-store sales increase of 3% to 4% in July.

For the 13-week second quarter of 2006, Federated reported total sales of $5.998 billion, up 65.5 percent over sales of $3.623 billion in the same period last year. On a same-store basis, Federated's second quarter sales were up 4.6%, within the company's guidance for a same-store sales increase of 4-6%in the second quarter.

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