Federated Same-Store Sales Flat in March.Business Editors CINCINNATI--(BUSINESS WIRE)--April 11, 2002 Federated Connected and treated as one. See federated database and federated directories. Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. (NYSE NYSE See: New York Stock Exchange :FD)(PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :FD) today reported total sales of $1.311 billion for the five weeks ended April 6, 2002, compared to total sales of $1.315 billion for the same five-week period last year. On a same-store basis, Federated's March sales were down 0.2 percent. For the year to date, Federated's sales totaled $2.359 billion, a decrease of 1.4 percent compared to sales of $2.394 billion for the first nine weeks of last year. On a same-store basis, Federated's year-to-date sales were down 1.5 percent. "We are pleased with our March sales performance," said James M. Zimmerman, Federated's chairman and chief executive officer. "Sales strengthened significantly in the last week of the month, which enabled us to achieve our expectations for the March period. However, because of an earlier Easter this year, we still are projecting an April same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. decline of 4 to 5 percent, which is consistent with prior guidance for the quarter being down 2 to 3 percent on a same-store sales basis." Federated, with corporate offices in Cincinnati and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is one of the nation's leading department store retailers, with annual sales of more than $15.6 billion. Federated currently operates more than 450 stores in 34 states, Puerto Rico and Guam, under the names of Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus, Macy's and Rich's. The company also operates macys.com and Bloomingdale's By Mail. (NOTE: Weekly sales updates are available at 513/579-7987 and on the Internet at www.federated-fds.com.) |
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