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January 04, 2007
Department Stores Report Mixed Dec. Results
Federated Department Stores reported a 4.4 percent increase in same-store sales for December, falling below its original expectation for a 5 to 8 percent increase. The owner of Macy’s and Bloomingdale’s predicted an even greater slowdown in January, with growth of 1.5 percent to 3 percent.
Nordstrom, on the other hand, posted a 9-percent increase for December, echoing similar results in higher-end stores.
Posted by Blacks on January 4, 2007 10:27 AM
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