Macy’s (M) Reports 5.9% Increase in Feb Sales

Macy’s, Inc. (NYSE: M) today reported total sales of $1.765 billion for the four weeks ended Feb. 26, 2011, an increase of 5.9% compared with total sales of $1.667 billion in the four weeks ended Feb. 27, 2010. On a same-store basis, Macy’s, Inc. sales were up 5.8 percent in February.

Online sales (macys.com and bloomingdales.com combined) were up 30.9% in February.

The company said same-store sales in its combined March-April period are expected to be up by approximately 3 percent, consistent with full-year guidance. March same-store sales are planned to be down, with April planned to be up, given a calendar shift in which the pre-Easter period and a planned cosmetics promotion fall into April this year versus March last year.

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