bebe stores inc. reported retail sales from continuing operations of $108.0 million for the third quarter ended March 31, 2012, an increase of 7.1% compared to $100.8 million for the third quarter ended April 2, 2011
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As previously disclosed, beginning in fiscal 2012, the Company reports comparable store sales results inclusive of our on-line store. Same store sales for the fiscal quarter ended March 31, 2012 increased 7.2% compared to a decrease of 0.7% in the prior year. As a reminder, bebe total sales, which we will disclose in our earnings release, also include wholesale and other sales in addition to the retail sales released herein.
Retail sales from continuing operations for the year-to-date period ended March 31, 2012 were $365.0 million, an increase of 8.1% compared to $337.5 million for the year-to-date period ended April 2, 2011. Comparable store sales for the year-to-date period ending March 31, 2012 increased 8.1% compared to a decrease of 0.4% for the year-to-date period ending April 2, 2011.
As of March 31, 2012, average finished goods inventory per square foot decreased approximately 2% compared to the prior year.
bebe stores inc. designs, develops and produces a distinctive line of contemporary women's apparel and accessories, which it markets under the bebe, BEBE SPORT, bbsp and 2b bebe brand names.