USA: Federated’s Comp Sales Up 1.6 Per Cent

Federated Department Stores today reported total sales of$1.293bn for the four weeks ended October 28, 2000, an increase of 0.6 per cent from total sales of $1.285bn for the same period last year. On a comp-store basis, Federated's October sales increased1.6 per cent. For the 13-week third quarter of 2000, Federated's sales totaled $4.197bn, an increase of 1.5 per cent over total sales of $4.137bn for the third quarter last year. On a comp-store basis, this year's third-quarter sales increased 1.9 per cent.For the first 39 weeks of 2000, Federated's sales totaled $12.294bn, an increase of 4.7 per cent over total sales of $11.743bn for the same period last year. On a comp-store basis, Federated's year-to-date sales are up 2.3 per cent.