Macy's (M) Same-Store Sales Down 6.3% in October
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Macy's, Inc. (NYSE: M) reported total sales of $1.721 billion for the four weeks ended Nov. 1, 2008, a decrease of 6.9% compared to total sales of $1.849 billion in the same period last year. On a same-store basis, Macy's, Inc. sales were down 6.3% in October.
For the year to date, Macy's, Inc. sales totaled $16.965 billion, down 4.3 percent from total sales of $17.719 billion in the first 39 weeks of 2007. On a same-store basis, Macy's, Inc.'s year-to-date sales were down 3.5 percent.
Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2007 sales of $26.3 billion.
For the year to date, Macy's, Inc. sales totaled $16.965 billion, down 4.3 percent from total sales of $17.719 billion in the first 39 weeks of 2007. On a same-store basis, Macy's, Inc.'s year-to-date sales were down 3.5 percent.
Macy's, Inc., with corporate offices in Cincinnati and New York, is one of the nation's premier retailers, with fiscal 2007 sales of $26.3 billion.
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