Macy’s on Tuesday reported Q4 sales of $8.515 billion, down 4% from total sales of $8.869 billion in the fourth quarter of 2015. On an owned basis, Q4 same-store sales fell 2.7%, while Q4 same-store sales on an owned plus licensed basis fell 2.1%.
For the fiscal 2016 year, sales were $25.77 billion, down 4.8% from total sales of $27.079 billion in fiscal 2015, the company said. On an owned basis, fiscal 2016 same-store sales were down 3.5% and on an owned plus licensed basis they fell 2.9%.
