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Macy's May same-store sales beat Wall Street view
May 30, 2012 / 1:17 PM / 6 years ago

Macy's May same-store sales beat Wall Street view

May 30 (Reuters) - Macy’s Inc reported better than expected May same-store sales on Wednesday, helped by its growing e-commerce business.

For the four weeks ended May 26, Macy’s same-store sales, which include online sales and sales at its department stores open at least a year, rose 4.2 percent, slightly above the 4 percent increase Wall Street analysts were projecting.

Online sales rose 42.3 percent. Total sales for the period were up 4.1 percent to $2.02 billion. Macy’s also owns the upscale Bloomingdale’s chain.

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