November 9, 2012

Macy’s sales for Q3 in 2012 grew 3.8%

American department store operator Macy’s has reported 3.8% increase in sales to $6.075bn for the first quarter (Q3) of fiscal 2012 , compared to $5.853bn in the same quarter of fiscal 2011.

By admin-demo

American department store operator Macy’s has reported 3.8% increase in sales to $6.075bn for the first quarter (Q3) of fiscal 2012 , compared to $5.853bn in the same quarter of fiscal 2011.

On a same-store basis, the company’s sales for the third quarter of fiscal 2012 were up 3.7% in 2012 over 2011.

Macy’s operating income totaled $325m or 5.4% of sales, compared with $291m or 5 % of sales for the same quarter in 2011.

The company’s net sales for the year to date 39 weeks period totaled $18.336bn, up 3.7% from total $17.681bn in the corresponding period a year ago.

On a same-store basis, Macy’s, year-to-date sales grew 3.7% .

Macy’s operating income totaled $1.270bn or 6.9 percent of sales, compared with operating income of $1.127bn or 6.4 percent of sales is same period last year.

The company posted 40.4% increase in online sales in the third quarter and 36.8 year to date, compared with the same periods in 2011.

Macy’s chairman, president and chief executive officer said Terry J. Lundgren, "Throughout the holiday season, we will be offering our customers new and fresh merchandise assortments, great value and an engaging shopping environment at both Macy’s and Bloomingdale’s – in store, online and via mobile devices."

Online sales positively affected the company’s same-store sales by 2.2% points in the third quarter and 1.8 % points in the year to date. Online sales are included in the same-store sales calculation for Macy’s.

The company operates about 840 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s, as well as the macys.com and bloomingdales.com websites. It also operates 12 Bloomingdale’s Outlet stores.