Federated

Federated Department Stores Inc. (Cincinnati) has reported a sales decrease of 0.8 percent for the four weeks ended July 30, 2005. Same-store sales were down 0.9 percent.

For the 13-week second quarter of 2005, total sales were up 1.2 percent and same-store sales were up 1.1 percent.

For the year to date, Federated's sales are up 1.9 percent and same-store sales are up 1.8 percent.

Chairman, president and ceo Terry said that although July was disappointing, the company is reiterating second quarter earnings guidance of 80-85 cents per share. Looking ahead, Lundgren said Federated expects a same-stores sales increase of approximately 2-3 percent in August, along with increases of 3 percent in each of the third and fourth quarters.