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November 08, 2006
Federated's Q3 Income Sinks On May Buy
Federated Department Stores reported a $3 million loss for its third-quarter, related mostly to costs associated with its 2005 acquisition of May Department Stores. This compares to income of $436 million for the year-ago quarter.
Despite the loss, the Macy’s and Bloomingdale’s owner reported a sales increase of 5.9% for the quarter to $5.56 billion. Same store sales increased 5.9% in the quarter.
Posted by Blacks on November 8, 2006 09:13 AM
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