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Macy’s, Inc. Same-Store Sales Up 2.5% in September

  Macy’s, Inc. Same-Store Sales Up 2.5% in September

Business Wire

CINCINNATI -- October 04, 2012

Macy’s, Inc. (NYSE: M) today reported total sales of $2.358 billion for the
five weeks ended Sept. 29, 2012, an increase of 2.7 percent compared with
total sales of $2.297 billion in the five weeks ended Oct. 1, 2011. On a
same-store basis, Macy’s, Inc. sales were up 2.5 percent in September 2012 as
compared to September 2011.

Same-store sales for August/September combined were up 3.6 percent in 2012 as
compared to the same period in 2011.

“Our sales in the two-month August/September period, which includes the
back-to-school season, were consistent with our positive year-to-date trend.
We continue to feel good about the remainder of our fall season as we begin to
ramp up receipts of fresh inventory for the cooler weather ahead,” said Terry
J. Lundgren, chairman, president and chief executive officer of Macy’s, Inc.
“Our omnichannel approach to driving sales, including more robust store
fulfillment of orders that originate from other stores and online, continues
to be encouraging as we deploy our companywide inventory to satisfy customer
demand in every location during the upcoming holiday season and beyond.”

For the year to date, Macy’s, Inc.’s sales totaled $16.430 billion, up 3.7
percent from total sales of $15.839 billion in the first 35 weeks of 2011. On
a same-store basis, Macy’s, Inc.’s year-to-date sales were up 3.6 percent.

Online sales (macys.com and bloomingdales.com combined) were up 39.0 percent
in September and 35.8 percent year-to-date in 2012 compared to 2011. Online
sales are included in the same-store sales calculation for Macy's, Inc.

Macy’s, Inc., with corporate offices in Cincinnati and New York, is one of the
nation’s premier retailers, with fiscal 2011 sales of $26.4 billion. The
company operates about 840 department stores in 45 states, the District of
Columbia, Guam and Puerto Rico under the names of Macy’s and Bloomingdale’s,
as well as the macys.com and bloomingdales.com websites. The company also
operates 11 Bloomingdale’s Outlet stores.

All statements in this press release that are not statements of historical
fact are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are based upon the
current beliefs and expectations of Macy’s management and are subject to
significant risks and uncertainties. Actual results could differ materially
from those expressed in or implied by the forward-looking statements contained
in this release because of a variety of factors, including conditions to, or
changes in the timing of, proposed transactions, prevailing interest rates and
non-recurring charges, competitive pressures from specialty stores, general
merchandise stores, off-price and discount stores, manufacturers’ outlets, the
Internet, mail-order catalogs and television shopping and general consumer
spending levels, including the impact of the availability and level of
consumer debt, the effect of weather and other factors identified in documents
filed by the company with the Securities and Exchange Commission.

(NOTE: Additional information on Macy’s, Inc., including past news releases,
is available at www.macysinc.com/pressroom).

Contact:

Macy’s, Inc.
Media
Jim Sluzewski, 513-579-7764
or
Investor
Matt Stautberg, 513-579-7780
 
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