Macy's Inc. August comps up 3.7%

CINCINNATI Macy's Inc. today reported total sales of $1.8 billion for the four weeks ended Sept. 1, an increase of 3.7% compared to total sales of $1.72 billion in the same period last year. On a same-store basis, Macy's Inc. sales were up 2.4% in August, beating the company's guidance for August same-store sales to be in the range of down 1% to up 2%.

For the year to date, Macy's Inc. sales totaled $13.6 billion, down 0.3 from total sales of $13.65 billion in the first 30 weeks of 2006. On a same-store basis, Macy's Inc.'s year-to-date sales were down 0.6%.

Macy's Inc. said it anticipates a same-store sales decrease of 1% to 3% for the month of Sept. The company continues to expect same-store sales in the range of down 1% to up 1%  for the third quarter of 2007.