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Federated Department Stores Inc. increased
its second-quarter sales outlook after reporting May sales
advanced a better-than-expected 2.9 percent at stores open
at least a year. Total sales for the month rose by 3.3 percent,
to $1.72 billion, from almost $1.14 billion in the same
month last year. That compares to a decline of 1.2 percent
in that year-ago period. As a result of the strong numbers,
Federated increased its May-to-July same-store sales guidance
to a range of between 4 percent and 5 percent, from 2 percent
to 4 percent. Sales were strongest in women's ready-to-wear,
accessories, shoes, cosmetics, men's sportswear and luggage,
said Carol Sanger, vice president of corporate communications
at Federated.
Hot Sellers
Sets rule, in fact, the more pieces you can tack onto the
set, the better! Rompers that are blowing out include a
matching panty and a hat. The best selling soft plaid dress
by Polo is also paired with a panty. The heart embroidered
gauze top paired with the crochet trimmed pant has been
blowing out, we are told. Lastly, Polos piped mini
and Carters dot and flower shell have also been doing
well we are told.
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