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JULY SALES INCREASE 8.4 PERCENT FOR THE MAY DEPARTMENT STORES COMPANY

 ST. LOUIS, Aug. 5 /PRNewswire/ -- The May Department Stores Company today reported preliminary sales of $695.4 million for the four-week period ended July 31, an 8.4% increase over $641.4 million in the similar year-ago period.
 Sales for the first six months of fiscal 1993 were $4.82 billion, up 6.7 percent from sales of $4.51 billion during the same period a year ago.
 Department store sales for July totaled $556.7 million, up 8.0 percent or $41.1 million from last year. Sales for Payless ShoeSource were $138.7 million, an increase of 10.3 percent or $12.9 million from last year's similar period.
 Sales were as follows:
 JULY SALES (Millions)
 1993 1992 Percent Store-for-Store(A)
 Increase Increase
 Department stores $ 556.7 $ 515.6 8.0 7.1
 Payless ShoeSource 138.7 125.8 10.3 1.3
 TOTAL $ 695.4 $ 641.4 8.4 6.0
 YEAR-TO-DATE SALES (Millions)
 Fiscal Fiscal Percent Store-for-Store(A)
 1993 1992 Increase Increase
 Department stores $3,845.6 $3,632.0 5.9 4.7
 Payless ShoeSource 970.3 881.3 10.1 1.3
 TOTAL $4,815.9 $4,513.3 6.7 4.1
 (A) Store-for-store sales represent sales of those stores open during both years.
 Sales have been restated to exclude the sales of stores which have been closed and not replaced. Year-to-date revenues, including sales of nonreplaced closed stores and finance charge revenue, were $5.01 billion in 1993 and $4.87 billion in 1992.
 The May Department Stores Company is the largest department store retailer in the United States, operating 302 department stores and 3,650 Payless ShoeSource stores.
 -0- 8/5/93
 /CONTACT: Jim Abrams of The May Department Stores Company, 314-342-6343/
 (MA)


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

PS -- NY031 -- 9771 08/05/93 09:59 EDT
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Publication:PR Newswire
Date:Aug 5, 1993
Words:312
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