Macy’s, Inc. (NYSE:M) has reported total sales $1.255 billion for the four weeks ended January 30, 2010. The sales results represent a 3.4% increase in total sales compared to $1.213 billion for the year ago period. The company’s same store sales also increased by 3.4% during the month while the 13 week fourth quarter total sales were $7.851 billion, 1.0% less than 2008’s 13 weeks. Fourth quarter sales on a same store basis decreased by 0.8%, better than expected when compared to the company’s fourth quarter guidance. To read the full sales report, visit http://www.macysinc.com/.
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Macy's, Inc. (Macy's) is a retail company that operates retail stores and Internet Websites under two brands, Macy’s and Bloomingdale’s, which sell a range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods in 45 states, the District of Columbia, Guam and Puerto Rico. As of January 31, 2009, the Company’s operations were conducted through seven operating divisions: four geographic Macy’s divisions, macys.com, Bloomingdale’s, and bloomingdales.com, which are aggregated into one segment. As of January 31, 2009, the Company operated 847 retail stores in 45 states, the District of Columbia, Puerto Rico and Guam, comprising a total of approximately 154,300,000 square feet. Of such stores, 466 were owned, 263 were leased and 118 stores were operated under arrangements, where the Company owned the building and leased the land. Most stores of its are located at urban or suburban sites across the United States.
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