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Federated January 2003 Sales

From: ASAP

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Federated Department Stores, Inc. (NYSE:FD)(PCX:FD)reported total sales of $775 million for the four weeks ended February 1, 2003. This represents a 0.2 percent increase over total sales of $774 million for the same period last year. On a same-store basis, Federated's January sales were down 1.2 percent.

For the 13-week fourth quarter, Federated reported total sales of $5.017 billion, a decline of 2.2 percent from total sales of $5.132 billion in the comparable period last year. On a same-store basis, the company's sales declined 3.9 percent in the fourth quarter.

Federated's sales for the 52 weeks of fiscal 2002 totaled $15.435 billion, a decrease of 1.4 percent compared to sales of $15.651 billion for fiscal 2001. On a same-store basis, Federated's annual sales were down 3.0 percent.

Federated, with corporate offices in Cincinnati and New York, is one of the nation's leading department store retailers, currently operates more than 460 stores in 34 states, Guam and Puerto Rico, under the names of Macy's, Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus and Rich's-Macy's. The company also operates macys.com and Bloomingdale's By Mail.

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