The May Department Stores Company Reports Sales Increase of 0.2% for November
December 01 2003 - 6:14PM
PR Newswire (US)
The May Department Stores Company Reports Sales Increase of 0.2%
for November ST. LOUIS, Dec. 1 /PRNewswire-FirstCall/ -- The May
Department Stores Company reported preliminary net sales of $1.26
billion for the four-week period ended Nov. 29, 2003, a 0.2%
increase from the similar period last year. Store-for-store sales
decreased 1.7%. November store-for-store sales decreased 1.2%,
excluding the remaining 30 stores that May previously announced it
will divest. Net sales for the first 10 months of fiscal 2003 were
$10.11 billion, a 2.6% decrease compared with $10.38 billion during
the first 10 months of fiscal 2002. Net sales were as follows:
Fiscal Fiscal Percent Store-for-Store Decrease (dollars in
millions) 2003 2002 Inc./(Dec.) Actual Adjusted* November $1,260.8
$1,258.6 0.2% (1.7)% (1.2)% Year-to-date 10,109.8 10,375.9 (2.6)
(4.4) (4.2) * Excludes the remaining 30 stores that May previously
announced it will divest. Net sales include merchandise sales and
lease department income. Store-for-store sales compare sales of
stores open during both years beginning the first day a new store
has prior-year sales and exclude sales of stores closed during both
years. May's Bridal Group opened one David's Bridal store and one
After Hours Formalwear store during November. An additional nine
David's stores will open by year-end. The May Department Stores
Company currently operates 448 department stores under the names of
Lord & Taylor, Famous-Barr, Filene's, Foley's, Hecht's,
Kaufmann's, L.S. Ayres, Meier & Frank, Robinsons-May,
Strawbridge's, and The Jones Store, as well as 201 David's Bridal
stores, 333 After Hours Formalwear stores, and 10 Priscilla of
Boston stores in its Bridal Group. May operates in 46 states, the
District of Columbia, and Puerto Rico. For more information,
contact Sharon Bateman at (314) 342-6494. DATASOURCE: May
Department Stores Company CONTACT: Sharon Bateman, +1-314-342-6494,
for May Department Stores Company
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