Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

The Associated Press October 7, 2010, 8:33AM ET

Back-to-school season helps Macy's Sept. results

Macy's Inc.'s back-to-school season and strong results from private brands helped lift its revenue at stores open at least a year 4.8 percent in September.

The performance was better than the 3.3 percent rise that analysts polled by Thomson Reuters expected for the department store operator.

The figure is a key indicator of a retailer's health because it measures results at existing stores rather than newly opened ones.

Macy's said Thursday that its online sales, which includes results for and, climbed 29.3 percent in September. Online sales are included in the company's revenue at stores open at least a year.

Chairman, President and CEO Terry Lundgren said in a statement the chain continued to see strong results from private brands including American Rag and the debut of Material Girl, an exclusive juniors brand from Madonna.

For the five weeks ended Oct. 2, total sales rose 6.9 percent to $2.18 billion.

Year-to-date revenue at stores open at least year climbed 5 percent, with total sales up 7 percent to $14.93 billion.

Macy's runs about 850 department stores in 45 states, the District of Columbia, Guam and Puerto Rico under the Macy's and Bloomingdale's names. The company, which also has two Bloomingdale's outlet stores, has corporate offices in New York and Cincinnati.

BW Mall - Sponsored Links

Buy a link now!