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Online Spurs Macy’s Short September Sales Advance

Today, Macy’s, Inc. reported a comparable sales increase of 2.5% for September 2012 versus the month last year. Total sales reached $2.36 billion for 
the five weeks ended September 29, an increase of 2.7% versus the five weeks ended October 1, 2011.

Published average analyst estimates called for Macy’s comps to gain 3.3%. Online sales at and combined advanced by 39% 
percent in September. Macy’s includes online sales in its company comp calculation.

”Our sales in the two-month August/September period, which includes the 
back-to-school season, were consistent with our positive year-to-date 
trend,” said Terry Lundgren, Macy’s, chairman, president and CEO. “We continue to feel good about the remainder of our fall season
as we begin to ramp up receipts of fresh inventory for the cooler
weather ahead. Our omnichannel approach to driving 
sales, including more robust store fulfillment of orders that originate 
from other stores and online, continues to be encouraging as we deploy
 our companywide inventory to satisfy customer demand in every location during the upcoming holiday season and beyond.”

Macy’s operates about 840 department stores in 45 of the United States, 
the District of Columbia, Guam and Puerto Rico under the names of Macy’s 
and Bloomingdale’s, as well as the and 
websites. It also operates 11 Bloomingdale’s Outlet stores.