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Who's That Girl Stepping Out Of Madonna's Shadow? Queen Lola, that's who.


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Macy's, Inc. Same-Store Sales up 4.3% in August

CINCINNATI, Sep 02, 2010 (BUSINESS WIRE) -- Macy's, Inc. /quotes/comstock/13*!m/quotes/nls/m (M 20.71, +0.52, +2.58%) today reported total sales of $1.638 billion for the four weeks ended Aug. 28, 2010, an increase of 6.2 percent compared with total sales of $1.542 billion in the four weeks ended Aug. 29, 2009. On a same-store basis, Macy's, Inc. sales were up 4.3 percent in August.

"Our back-to-school business through August has been strong, led by great performances by Material Girl, the exclusive juniors brand by Madonna, as well as American Rag, our largest private brand in juniors and young mens. We are particularly encouraged by the response from our customers to new fall fashion, which indicates that the consumer understands and appreciates the value, the quality and the uniqueness of our on-trend merchandise," said Terry J. Lundgren, chairman, president and chief executive officer of Macy's, Inc. "While we continue to watch economic trends carefully, My Macy's localization and our centralized organization are helping us to respond effectively to specific customer needs as they emerge."

For the year to date, Macy's, Inc. sales totaled $12.749 billion, up 7.1 percent from total sales of $11.905 billion in the first 30 weeks of 2009. On a same-store basis, Macy's, Inc.'s year-to-date sales were up 5.0 percent.

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