Macy's Grows Second-Quarter Sales 3 Percent

Posted on August 2, 2012 by HFN Staff

CINCINNATI-Second-quarter sales for Macy's Inc. totaled $6.1 billion, up 3 percent from the retail company's sales in the second quarter of last year.

Same-store sales for the quarter were up 3 percent as well, according to a statement reporting both the second-quarter results and sales for July. Macy's said its online sales in the quarter, which ended on July 28, rose 36.1 percent.

"Despite some challenges from a sluggish macroeconomic environment and a temporary disruption of sales from the remodeling project at our Herald Square flagship store in New York City, the spring season met our expectations," said Terry Lundgren, Macy's chairman, president and CEO.

Macy's is scheduled to report its full second-quarter results on Aug. 8.


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