The May Department Stores Company Reports Sales Increase of 20.6% For June
July 07 2005 - 9:49AM
PR Newswire (US)
The May Department Stores Company Reports Sales Increase of 20.6%
For June ST. LOUIS, July 7 /PRNewswire-FirstCall/ -- The May
Department Stores Company (NYSE:MAY) reported preliminary net sales
of $1.40 billion for the five-week period ended July 2, 2005, a
20.6% increase from $1.16 billion in the similar period last year.
Store-for-store sales increased 0.6%. Net sales for the first five
months of fiscal 2005 were $5.89 billion, a 15.4% increase compared
with $5.10 billion during the first five months of fiscal 2004. Net
sales were as follows: Fiscal Fiscal Percent Store-for-Store
(dollars in millions) 2005 2004 Increase Inc./(Dec.) June $ 1,398.8
$ 1,160.0 20.6% 0.6% Year-to-date 5,888.5 5,100.6 15.4 (3.3) 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. During June,
May's Bridal Group opened one David's Bridal store in Nebraska. The
May Department Stores Company currently operates 487 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 242 David's Bridal stores, 452 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 further information, please contact Sharon Bateman at
314-342-6494. DATASOURCE: The May Department Stores Company
CONTACT: Sharon Bateman, +1-314-342-6494, for The May Department
Stores Company
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