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07092009 Macy's June Same Store Sales Down Nearly 9%

7/9/2009

MACY’S SALES DOWN 9% IN JUNE;
INTERNET SALES UP OVER 8%

CINCINNATI, OH – Macy's, Inc. reported sales of $2.045 billion for the five weeks ended July 4, 2009, a decrease of 9.1% compared with total sales of $2.249 billion in the five weeks ended July 5, 2008. However, online sales were up 8.2% in June 2009 and 13.6% for the year to date.

This is consistent with management's expectations and the company's year-to-date sales trend.

On a same-store basis, Macy's, Inc. sales were down 8.9% in June.  For the year to date, Macy's sales totaled $8.988 billion, down 9.4% from total sales of $9.922 billion in the first 22 weeks of 2008. On a same-store basis, Macy's, Inc.'s year-to-date sales were down 9%.  Online sales are included in the same-store sales calculation for Macy's, Inc.  

Macy's, Inc., with corporate offices in Cincinnati and New York, operates more than 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's. The company also operates macys.com and bloomingdales.com. Prior to June 1, 2007, Macy's, Inc. was known as Federated Department Stores, Inc.

07.09.09


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