MAY Malaysia Fund (The)

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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