News for Macy's
Mar 5 · 11:17:00 AM · Source: Company Press Release
Macy's reported total sales of $1.641 billion for the four weeks ended Feb. 27, 2010, an increase of 4.0 percent compared with total sales of $1.577 billion in the four weeks ended Feb. 28, 2009. On a same-store basis, Macy's, Inc. sales were up 3.7 percent in February.
As with all the retailers, we need to keep in mind how bad their sales were last year. Last year Macy's reported same store sales were down 8.5% in Feb. This is a trend we are going to see for months to come - retailers reporting increased same store sales coming off such huge declines in sales last year.
Track · email · face · Twitter · digg · COMMENTS
by Rich Pike
Nov 11 · 10:35:00 AM · Source: Company News Release
Macy's Wednesday said its third quarter net loss narrowed to $35 million, or 8 cents a share, from $44 million, or 10 cents a share, a year earlier. Excluding one-time items such as $205 million in restructuring costs, its loss was 3 cents a share. Third quarter sales droppped 3.9 percent to $5.28 billion vs. last year's comparable period.
The company forecast earnings for the critical fourth quarter far below Wall Street expectations.
Track · email · face · Twitter · digg · COMMENTS
by Larry Etter
Advertisement