Macy’s same-store sales rise 4.2% in May on strength of online

Macy’s reported Wednesday that same-store sales for the month of May increased 4.2% compared with the previous year.  Revenue rose 4.1% to $2.02 billion.

“Growth in May 2012 came from stores and online, and across geography and categories of business,” said Terry J. Lundgren, chairman, president and CEO. “We are seeing the ongoing benefit of the key strategies that have propelled our success over the past several years, including My Macy’s localization, omnichannel integration and associate training to enhance customer engagement.”

Online sales for Macys.com and Bloomingdales.com combined were up 42.3% in May.

Source:  retailingtoday.com