Federated comp sales up 0.9% in August.CINCINNATI--(BUSINESS WIRE)--Aug. 31, 1995--Federated 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. today reported a total sales increase of 70.9 percent in August, with total revenues of $1,033.0 million for the four weeks ended August 26, 1995. This is an increase from total sales of $604.6 million for the same period last year for Federated Connected and treated as one. See federated database and federated directories. divisions only. For comparative and analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. purposes only, total sales for Federated and Macy's division stores (excluding I. Magnin I. Magnin was a San Francisco, California-based high fashion and specialty luxury department store. Over the course of its existence, it expanded across the West into Southern California and the adjoining states of Arizona, Oregon, and Washington. , which has been closed) in the same period last year would have totaled $1,050.1 million. On this basis, August 1995 comp-store sales increased for the combined company 0.9 percent over August 1994. On a year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. basis, Federated's total sales increased 83.4 percent to $7,068.3 million, compared to $3,854.3 million for the first 30 weeks of last year. Year-to-date sales on a comparative and analytical basis for Federated and Macy's divisions in the same period last year (excluding I. Magnin) would have totaled $6,918.9 million. On this basis, year-to-date 1995 comp-store sales increased 3.3 percent over the first 30 weeks of 1994. Allen Questrom, chairman and chief executive officer of Federated, said the company viewed August results as disappointing, reflecting weaker back-to-school and home store sales than had been anticipated at the end of July. 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 $14 billion. Federated currently operates 358 department stores and more than 100 specialty and clearance stores in 35 states under the names of Bloomingdale's, The Bon Marche, Bullock's, Burdines, Goldsmith's, Jordan Marsh Jordan Marsh was the name of a Boston, Massachusetts-based department store. Founded in 1841 and eventually part of Allied Stores and then Federated Department Stores; in 1996, the last of the Jordan Marsh stores were renamed Macy's. , Lazarus, Macy's, Rich's and Stern's, as well as Aeropostale, Charter Club and Macy's Close Out. CONTACT: Federated Department Stores, Inc., Cincinnati Media - Carol Sanger, 513/579-7764 Investor - Susan Robinson, 513/579-7780 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion