Sales Data

2017 Sales Data

(Dollars in Millions)
Quarter Sales % Change
Comparable Owned Sales (1)
% Change
Comparable Owned and Licensed Sales (2)
1st QTR$5,338 (5.2%)(4.6%)
2nd QTR$5,552(2.8%) (2.5%)
Total$10,890 (4.0%) (3.6%)

(1) Represents the period-to-period change in net sales from stores in operation throughout 2017 and 2016 and all online sales excluding commissions from departments licensed to third parties.

(2) Represents comparable sales growth including the impact of growth in sales of departments licensed to third parties occurring in stores in operation throughout 2017 and 2016 and all online sales. The Company licenses third parties to operate certain departments in its stores and online and receives commissions from these third parties based on a percentage of their net sales. In its financial statements prepared in conformity with GAAP, the Company includes these commissions (rather than sales of the departments licensed to third parties) in its net sales. The Company does not, however, include any amounts in respect of licensed department sales (or any commissions earned on such sales) in its comparable sales in accordance with GAAP. The impact of growth in comparable sales of departments licensed to third parties amounted to 0.6% and 0.3% for the 1st and 2nd quarters of 2017, respectively. The Company believes that the amounts of commissions earned on sales of departments licensed to third parties are not material to its results of operations for the periods presented.

2016 Sales Data

(Dollars in Millions)
Quarter Sales % Change
Comparable Owned Sales (1)
% Change
Comparable Owned and Licensed Sales (2)
1st QTR$5,771 (6.1%)(5.6%)
2nd QTR$5,866 (2.6%) (2.0%)
3rd QTR$5,626 (3.3%) (2.7%)
4th QTR$8,515 (2.7%) (2.1%)
Total$25,778 (3.5%) (2.9%)

(1) Represents the period-to-period change in net sales from stores in operation throughout 2016 and 2015 and all online sales of macys.com and bloomingdales.com, excluding commissions from departments licensed to third parties.

(2) Represents comparable sales growth including the impact of growth in sales of departments licensed to third parties occurring in stores in operation throughout 2016 and 2015 and all online sales of macys.com and bloomingdales.com. The Company licenses third parties to operate certain departments in its stores and online and receives commissions from these third parties based on a percentage of their net sales. In its financial statements prepared in conformity with GAAP, the Company includes these commissions (rather than sales of the departments licensed to third parties) in its net sales. The Company does not, however, include any amounts in respect of licensed department sales (or any commissions earned on such sales) in its comparable sales in accordance with GAAP. The impact of growth in comparable sales of departments licensed to third parties amounted to 0.5%, 0.6%, 0.6% and 0.6% for the 1st, 2nd, 3rd and 4th quarters of 2016, respectively, and 0.6% for fiscal 2016. The Company believes that the amounts of commissions earned on sales of departments licensed to third parties are not material to its results of operations for the periods presented.

2015 Sales Data

(Dollars in Millions)
Quarter Sales % Change
Comparable Owned Sales (1)
% Change
Comparable Owned and Licensed Sales (2)
1st QTR$6,232 (0.7%)(0.1%)
2nd QTR$6,104 (2.1%) (1.5%)
3rd QTR$5,874 (3.9%) (3.6%)
4th QTR$8,869 (4.8%) (4.3%)
Total$27,079 (3.0%) (2.5%)

(1) Represents the period-to-period change in net sales from stores in operation throughout 2015 and 2014 and all online sales, excluding commissions from departments licensed to third parties.

(2) Represents comparable sales growth including the impact of growth in sales of departments licensed to third parties occurring in stores in operation throughout 2015 and 2014 and via the Internet. The Company licenses third parties to operate certain departments in its stores and online and receives commissions from these third parties based on a percentage of their net sales. In its financial statements prepared in conformity with GAAP, the Company includes these commissions (rather than sales of the departments licensed to third parties) in its net sales. The Company does not, however, include any amounts in respect of licensed department sales (or any commissions earned on such sales) in its comparable sales in accordance with GAAP. The impact of growth in comparable sales of departments licensed to third parties amounted to 0.6%, 0.6%, 0.3% and 0.5% for the 1st, 2nd, 3rd, and 4th quarters of 2015, respectively, and 0.5% for fiscal 2015. The Company believes that the amounts of commissions earned on sales of departments licensed to third parties are not material to its results of operations for the periods presented.

2014 Sales Data

(Dollars in Millions)
Quarter Sales % Change
Comparable Owned Sales (1)
% Change
Comparable Owned and Licensed Sales (2)
1st QTR$6,279 (1.6%)(0.8%)
2nd QTR$6,267 3.4% 4.0%
3rd QTR$6,195 (1.4%)(0.7%)
4th QTR$9,3642.0% 2.5%
Total$28,105 0.7% 1.4%

(1) Represents the period-to-period change in net sales from stores in operation throughout 2014 and 2013 and all online sales, excluding commissions from departments licensed to third parties.

(2) Represents comparable sales growth including the impact of growth in sales of departments licensed to third parties occurring in stores in operation throughout 2014 and 2013 and via the Internet. The Company licenses third parties to operate certain departments in its stores and online and receives commissions from these third parties based on a percentage of their net sales. In its financial statements prepared in conformity with GAAP, the Company includes these commissions (rather than sales of the departments licensed to third parties) in its net sales. The Company does not, however, include any amounts in respect of licensed department sales (or any commissions earned on such sales) in its comparable sales in accordance with GAAP. The impact of growth in comparable sales of departments licensed to third parties amounted to 0.8%, 0.6%, 0.7%, and 0.5% for the 1st, 2nd, 3rd and 4th quarters of 2014, respectively, and 0.7% for fiscal 2014.

2013 Sales Data

(Dollars in Millions)
Quarter Sales % Change
Comparable Owned Sales (1)
% Change
Comparable Owned and Licensed Sales (2)
1st QTR$6,387 3.8%4.4%
2nd QTR$6,066 (0.8%)0.3%
3rd QTR$6,276 3.5%4.6%
4th QTR$9,202 1.4%2.3%
Total$27,931 1.9%2.8%

(1) Represents the period-to-period change in net sales from stores in operation throughout 2013 and 2012 and all net Internet sales, adjusting for the 53rd week in 2012, excluding commissions from departments licensed to third parties.

(2) Represents comparable sales growth including the impact of growth in sales of departments licensed to third parties occurring in stores in operation throughout the 2013 and 2012 and via the Internet. The Company licenses third parties to operate certain departments in its stores and online and receives commissions from these third parties based on a percentage of their net sales. In its financial statements prepared in conformity with GAAP, the Company includes these commissions (rather than sales of the departments licensed to third parties) in its net sales. The Company does not, however, include any amounts in respect of licensed department sales (or any commissions earned on such sales) in its comparable sales in accordance with GAAP. The impact of growth in comparable sales of departments licensed to third parties amounted to 0.6%, 1.1%, 1.1% and 0.9% for the 1st, 2nd, 3rd and 4th quarters of 2013, respectively, and 0.9% for fiscal 2013.

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This section contains press releases issued by Macy’s, Inc. on the date specified. We have not undertaken any responsibility to update the information in these releases and in some instances the information in these releases may be dated.

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