Macy's May sales rise 7.4%
Cincinnati -- The day before most retailers report monthly results, Macy’s said Wednesday that same-store sales climbed 7.4% in May and total revenue rose 8.5% to $1.94 billion.
The department store operator also raised its expectations for the second quarter, saying it now expects second quarter same-store revenue to climb about 5%. Its prior forecast called for an approximately 4% increase.
“We continued to see very strong sales results in May as every Macy’s stores region, Bloomingdale’s stores, macys.com and bloomingdales.com all met or exceeded our aggressive expectations,” said Terry J. Lundgren, chairman, president and CEO. “We can attribute this success to the continued crisp execution of our major strategies.”