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AUGUST SALES INCREASE 7.8 PERCENT FOR THE MAY DEPARTMENT STORES COMPANY

 ST. LOUIS, Sept. 2 /PRNewswire/ -- The May Department Stores Company (NYSE: MA) today reported preliminary sales of $829.0 million for the four-week period ended Aug. 28, a 7.8 percent increase over $768.7 million in the similar year-ago period.
 Sales for the first seven months of fiscal 1993 were $5.64 billion, up 6.9 percent from sales of $5.28 billion during the same period a year ago.
 Department store sales for August totaled $661.9 million, up 7.4 percent, or $45.5 million, from last year. Sales for Payless ShoeSource were $167.1 million, an increase of 9.7 percent, or $14.8 million, from last year's similar period.
 Sales were as follows:
 AUGUST SALES (Millions)
 1993 1992 Percent Store-for-Store(A)
 Increase Increase
 Department stores $661.9 $616.4 7.4 pct. 6.1 pct.
 Payless ShoeSource 167.1 152.3 9.7 0.3
 TOTAL $829.0 $768.7 7.8 pct. 5.0 pct.
 YEAR-TO-DATE SALES (Millions)
 Fiscal Fiscal Percent Store-for-Store(A)
 1993 1992 Increase Increase
 Department stores $4,507.0 $4,247.4 6.1 pct. 5.0 pct.
 Payless ShoeSource 1,137.4 1,033.7 10.0 1.2
 TOTAL $5,644.4 $5,281.1 6.9 pct. 4.2 pct.
 (A) Store-for-store sales represent sales of those stores open during both years.
 During the month, May opened two new department stores and eight net new Payless ShoeSource stores. Hecht's opened a department store at Carolina Place in Charlotte, N.C., and Filene's opened a new department store at Pheasant Lane Mall in Nashua, N.H.
 Sales have been restated to exclude the sales of stores which have been closed and not replaced. Year-to-date revenues, including sales of non-replaced closed stores and finance charge revenue, were $5.87 billion in 1993 and $5.70 billion in 1992.
 The May Department Stores Company is the largest department store retailer in the United States, operating 304 department stores and 3,658 Payless ShoeSource stores.
 -0- 9/2/93
 /CONTACT: Jim Abrams of The May Department Stores Company, 314-342-6343/


CO: The May Department Stores Company ST: Missouri IN: REA SU:

TW -- NY026 -- 8323 09/02/93 10:15 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
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