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Macy's reports 3.8% sales growth for Q3 in 2012

RBR Staff Writer Published 08 November 2012

US department store operator Macy’s has reported 3.8% increase in sales to $6.075bn for the third quarter of fiscal 2012.

The company's sales for the third quarter of fiscal 2012 were up 3.7% in 2012 over 2011 on a same-store basis.

Macy's operating income totaled $325m or 5.4% of sales, compared with $291m or 5 % of sales for the same quarter in 2011.

The company posted 40.4% increase in online sales in the third quarter and 36.8% year-to-date.

Online sales positively affected the company's same-store sales by 2.2% points in the third quarter and 1.8 % points in year-to-date computations.

The company operates about 840 department stores in 45 states of the US and the District of Columbia, Guam and Puerto Rico under the names of Macy's and Bloomingdale's.