The May Department Stores Company Reports Sales for December
January 06 2005 - 8:45AM
PR Newswire (US)
The May Department Stores Company Reports Sales for December ST.
LOUIS, Jan. 6 /PRNewswire-FirstCall/ -- The May Department Stores
Company (NYSE:MAY) reported preliminary net sales of $2.84 billion
for the five-week period ended Jan. 1, 2005, a 13.0% increase from
$2.52 billion in the similar period last year. Store-for-store
sales decreased 3.5%. December store-for-store sales decreased
3.3%, excluding the remaining 14 stores that May previously
announced it will divest. Net sales for the first 11 months of
fiscal 2004 were $13.63 billion, an 8.0% increase, compared with
$12.63 billion during the first 11 months of fiscal 2003. Net sales
were as follows: (dollars in Fiscal Fiscal Percent Store-for-Store
Decrease millions) 2004 2003 Increase Actual Adjusted * December
$2,844.1 $2,517.3 13.0 % (3.5)% (3.3)% Year-to-date 13,633.1
12,627.1 8.0 (2.4) (2.0) * Excludes the remaining 14 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 overall December sales did
not reach expected levels. Moderate classic sportswear, coats, and
dresses in ladies' apparel as well as home furnishings were below
store trend. Stronger-performing giftable categories included
jewelry, better handbags, fragrances, electronic gifts, and
luggage. Ladies' suits and tailored sportswear looks appealing to
the young-adult female customer continued to outpace the store.
Men's dress shirts, neckwear, suit separates, and modern sportswear
collections achieved sales increases, as did young men's apparel
and children's. May's Bridal Group opened eight David's Bridal
stores in December, completing its plan to open 30 stores in fiscal
2004. The May Department Stores Company currently operates 501
department stores under the names of Famous-Barr, Filene's,
Foley's, Hecht's, Kaufmann's, Lord & Taylor, L.S. Ayres,
Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's,
and The Jones Store, as well as 239 David's Bridal stores, 456
After Hours Formalwear stores, and 11 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: The May Department Stores
Company CONTACT: Sharon Bateman, May Department Stores Company,
+1-314-342-6494
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