Macy’s Inc. credited its strong business momentum for its 4.2 percent increase in May comparable-store sales.
The Cincinnati-based retailer beat analysts’ estimates of a 4 percent comp rise, according to Thomson Reuters. Macy’s said Wednesday that its total sales for the month ended May 26 equaled $2.02 billion, a 4.1 percent improvement over May 2011.
Most retailers will report same-store sales Thursday.
“The momentum in our business continued in May, and came on top of a very strong month last year. Growth in May 2012 came from stores and online, and across geography and categories of business,” said Terry J. Lundgren, chairman, president and chief executive officer. “We are seeing the ongoing benefit of the key strategies that have propelled our success over the past several years, including My Macy’s localization, omni-channel integration and associate training to enhance customer engagement. Our organization continues to grow stronger and remains focused on disciplined implementation of strategies that are centered on the customer.”