Macy’s, Inc. today reported total sales of $2.450 billion for the four weeks ended Nov. 24, 2012, a decrease of 0.6 percent compared with total sales of $2.464 billion in the four weeks ended Nov. 26, 2011. On a same-store basis, Macy’s, Inc. sales were down 0.7 percent in November as compared to November 2011.
“Despite the largest-volume Thanksgiving weekend in our company’s history, we were not able to overcome the weak start to the month, which included the disruption of Hurricane Sandy. Yet we remain on track to deliver a very strong sales performance in the fourth quarter, consistent with our guidance,” said Terry J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc.
For the year to date, Macy’s, Inc. sales totaled $20.786 billion, up 3.2 percent from total sales of $20.145 billion in the first 43 weeks of 2011. On a same-store basis, Macy’s, Inc.’s year-to-date sales were up 3.1 percent.