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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 22, 1998
Date of earliest event reported: September 3, 1998
THE MAY DEPARTMENT STORES COMPANY
(Exact name of Registrant as specified in its charter)
Delaware I-79 43-1104396
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
611 Olive Street, St. Louis, Missouri 63101
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code:
(314) 342-6300
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Item 7. Financial Statements and Exhibits.
(c) Exhibits. The following documents are filed as Exhibits.
Sequential
Numbering
System
Exhibit No. Exhibit Page Number
99.1 Press Release dated September 3, 1998 5
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
THE MAY DEPARTMENT STORES COMPANY
Dated: September 22, 1998 By: /s/ Richard A. Brickson
Richard A. Brickson
Secretary and Senior Counsel
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INDEX TO EXHIBITS
Sequential
Numbering
System
Exhibit No. Exhibit Page Number
99.1 Press Release dated September 3, 1998 5
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EXHIBIT NO. 99.1
THE MAY DEPARTMENT STORES COMPANY REPORTS AUGUST SALES OF $927.2
MILLION
ST. LOUIS, September 3, 1998 -- The May Department Stores
Company [NYSE: MAY] today reported preliminary sales for the
four-week period ended August 29, 1998 of $927.2 million,
substantially the same as the similar 1997 period. August sales
were decreased by Labor Day falling one week later than in the
prior year, delaying Labor Day sales events as well as some school
openings. September sales will benefit from this calendar shift.
Sales for the first seven months of fiscal 1998 were $6.48
billion, up 5.1% over $6.16 billion during the first seven months
of fiscal 1997.
Sales were as follows:
AUGUST AND YEAR-TO-DATE SALES (Millions)
Fiscal Fiscal Percent Store-for-Store*
1998 1997 Increase Increase/(Decrease)
August $ 927.2 $ 927.6 0.0% (0.7)%
Year-to-date $6,477.2 $6,162.1 5.1% 3.6 %
* Store-for-store sales represent sales of those stores open during
both years.
Sales have been restated to exclude the sales of stores that
have been closed and not replaced. Year-to-date revenues, including
sales of nonreplaced closed stores and finance charge revenue, were
$6.66 billion in 1998 and $6.38 billion in 1997.
May plans to open 29 new stores in 1998. Ten of these are
former Mercantile stores to be purchased from Dillard's.
Famous-Barr will operate nine of these stores and Foley's one. An
11th store will open in 1999 operated by Lord & Taylor. The other
19 stores are: 10 Lord & Taylor stores; three Hecht's stores; one
Foley's store; one Robinsons-May store; two Kaufmann's stores; and
two Filene's stores. Year-to-date, May has opened two of its 1998
new stores: a Lord & Taylor store and a Filene's store, both at
Palisades Center in West Nyack, N.Y.
The May Department Stores Company operates 370 department
stores in 30 states and the District of Columbia. By Mid-November,
May will operate close to 400 stores in 32 states and the District
of Columbia. # # #
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