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Macy's January sales up 11.7 percent

By FashionUnited

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Macy's reported total sales of 1.799 billion dollars for the


five weeks ended February 2, 2013, an increase of 34.6 percent compared with total sales of 1.337 billion dollars in the four weeks ended January, 28, 2012. On a same-store basis Macy's sales were up 11.7 percent in January as compared to January 2012.

Macy's has corporate offices in Cincinnati and New York. The company operates about 840 department stores. Terry J. Lundgren, chairman, president and chief executive officer of Macy's, said, "This exceptional January performance capped our company's third consecutive year of topline sales growth of more than 1 billion dollars, which began in 2009 when we restructured Macy's into a national retailer with a local focus.”

For the 14-week fourth quarter of fiscal 2012, the retailer’s sales were 9.350 billion dollars, up 7.2 percent from total sales of 8.724 billion dollars for the final 13 weeks of 2011. On a same-store basis the company's fourth quarter sales were up 3.9 percent.

For fiscal 2012 as a whole, Macy's sales were 27.686 billion dollars, up 4.9 percent from total sales of 26.405 billion dollars in fiscal 2011. On a same-store basis Macy's fiscal 2012 sales were up 3.7 percent.
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