Macy's, Inc. reported total sales of $1.807 billion for the four weeks ended Oct. 30, an increase of 6.8 percent compared with total sales of $1.693 billion in the four weeks ended Oct. 31, 2009.
According to a release on November 4, the Company reported that on a same-store basis, Macy's, Inc. sales were up 2.5 percent in October.
"While we experienced some softness in sales early in October given the replica Vacheron Constantin warm weather, we ended the month with a strong trend going into the holiday selling season. Customers have reacted positively to the launch of our unique holiday gift-giving merchandise and newness in fashion. We also launched our latest exclusive brand relationship with Kenneth Cole Reaction men's sportswear, now sold only at Macy's. Overall, we are pleased with our sales performance in the third quarter and the continued results of major strategies including our My Macy's localization initiative. Bloomingdale's sales continued to be strong in October and the third quarter," said Terry J. Lundgren, chairman, president and chief executive officer of Macy's, Inc. "Our repurchase of another $500 million of debt in the third quarter reflects our strong cash position, as well as our confidence about the strength of the business going forward."
For the third quarter of 2010, the company's total sales were $5.624 billion, an increase of 6.6 replica Welder compared with total sales of $5.277 billion in the same 13-week period last year. On a same-store basis, Macy's, Inc.'s third-quarter sales were up 3.9 percent.
For the year to date, Macy's, Inc. sales totaled $16.735 billion, up 7.0 percent from total sales of $15.640 billion in the first 39 weeks of 2009. On a same-store basis, Macy's, Inc.'s year-to-date sales were up 4.7 percent.
Online sales were up 19.7 percent in October, 24.0 percent in the third quarter and 28.5 percent in 2010 year-to-date. Online sales positively affected the company's same-store sales by 0.8 percentage points in the third quarter and 0.7 percentage points in the year to date. Online sales are included in the same-store sales calculation for Macy's, Inc.
The company's guidance is for same-store sales in the fourth quarter of 2010 to be up 3 replica Wyler to 4 percent. This translates to same-store sales for the second half of 2010 to be up 3.3 percent to 4 percent, compared with previous guidance (provided in August 2010) of up 3 percent to 3.5 percent.
Based on stronger sales expectations, Macy's, Inc. is increasing its earnings guidance for the second half of 2010 to $1.50 to $1.55 per diluted share, excluding expenses associated with the early retirement of debt in the third quarter. This compares with previous guidance (provided in August 2010) of $1.45 to $1.50 per diluted share for the second half of 2010.
Macy's, Inc. is scheduled to report its third quarter earnings on Wednesday, Nov. 10, and will replica Zenith a call with financial analysts and investors that day at 10:30 a.m.
Sales for the 13 weeks ended October 30, were $1,315,228,000 compared to sales for the 13 weeks ended October 31, 2009 of $1,312,037,000. Total sales were unchanged on a percentage basis. Sales in comparable stores increased 1 percent for the 13-week period.
Sales for the 39 weeks ended October 30, were $4,105,699,000 compared to sales for the 39 weeks ended October 31, 2009 of $4,095,402,000. Total sales were unchanged on a percentage basis. Sales in comparable stores increased 1 percent for the 39-week period.
During the four weeks ended October 30, sales were slightly above the average total Breitling Crosswind Automatic BT-106 trend in the Eastern region and slightly below trend in the Central and Western regions. Sales of juniors' and children's apparel were significantly above trend during the four-week period while sales in the home and furniture category were significantly below trend.