Federated Department Stores, Inc. (NYSE:FD)(PCX:FD) reported total sales of $1.087 billion for the four weeks ended February 26, 2005, an increase of 1.6 percent compared to total sales of $1.069 billion in the same period last year. On a same-store basis, Federated's February sales were up 1.8 percent, ahead of its prior forecast of same-store sales that would be flat to down slightly for the month.
Federated said that because of an earlier Easter this year, it is anticipating a March same-store sales increase of about 2.5 percent, followed by a relatively flat April.
Federated, with corporate offices in Cincinnati and New York, is one of the nation's leading department store retailers, with fiscal 2004 sales of more than $15.6 billion. Federated operates more than 450 stores in 34 states, Guam and Puerto Rico under the names of Macy's, Bloomingdale's, Bon-Macy's, Burdines-Macy's, Goldsmith's-Macy's, Lazarus-Macy's and Rich's-Macy's. The company also operates macys.com and Bloomingdale's By Mail. www.fds.com
NOTE: This release contains certain forward-looking statements that reflect current views of the financial performance and other events of Federated. The words "may," "will," "could," "expect," "plan," "anticipate," "believe" and other similar expressions identify forward-looking statements. Any such forward-looking statements are subject to risks and uncertainties. Future results or outcomes could differ materially from current expectations because of a variety of factors that affect the company, including competitive pressures from specialty stores, general merchandise stores, manufacturers' outlets, off-price and discount stores, new and established forms of home shopping (including the Internet, mail-order catalogs and television) and general consumer spending levels, including the impact of the availability and level of consumer debt, the effect of weather and other factors identified in documents filed by the company with the SEC.
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