Federated's reports rising trend in Dec sales

06 Jan '06

2 min read

Federated Department Stores Inc reported total sales of $5.708 billion for the five weeks ended Dec. 31, 2005, an increase of 99.9 percent compared to total sales of $2.856 billion in the same period last year.

On a same-store basis, Federated's December sales were up 3.4 percent.

For the combined November-December period, same-store sales were up 1.1 percent.

For the year to date, Federated's sales totaled $21.495 billion, up 43.7 percent from total sales of $14.958 billion in the first 48 weeks of 2004.

On a same-store basis, Federated's year-to-date sales were up 1.3 percent.

Federated's total sales for September through December include the May Company acquisition, which was completed Aug. 30, 2005. Federated's same-store sales include only Macy's and Bloomingdale's locations.

Sales from the company's Bridal Group division, which the company intends to divest and is being treated as a discontinued operation, are excluded from Federated total sales for September through December.

Terry J. Lundgren, Federated's chairman, president and chief executive officer, said, "They are pleased with Macy's and Bloomingdale's strong performance in December, despite disruptions caused by the New York City transit strike the week before Christmas.

In particular, key components of their apparel and accessories businesses performed very well as customers responded to their assortments of "affordable luxury" goods.

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