Material Girl boosting Macy’s Sales

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

Macy’s, Inc. 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.

Chairman, president and chief executive officer of Macy’s, Inc. Terry J. Lundgren, explained…

“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 men. 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.”

SOURCE: Macy’s, Inc.