Home / Knowledge / News / Apparel/Garments / bebe stores Q4 FY'13 sales decline 8.5%
bebe stores Q4 FY'13 sales decline 8.5%
11
Jul '13
bebe stores, inc. reported retail sales of $109.0 million for the fourth fiscal quarter ended July 6, 2013, a decrease of 8.5% compared to $119.1 million for the fiscal quarter ended June 30, 2012.

As a reminder, bebe total sales, which will be disclosed in our earnings release, also include international wholesale and other sales in addition to the retail sales released herein.

Comparable store sales for the fiscal quarter ended July 6, 2013 decreased 7.1% compared to a decrease of 2.5% in the fourth fiscal quarter of the prior year. The decrease was primarily driven by the negative comparable store traffic during the quarter, with April being the most negative.

Retail sales for the fiscal year ended July 6, 2013 were $442.8 million, a decrease of 8.6% compared to $484.2 million for the fiscal year ended June 30, 2012. Comparable store sales for the fiscal year ending July 6, 2013 decreased 8.8% compared to an increase of 5.3% for the fiscal year ending June 30, 2012.

As of July 6, 2013, average finished goods inventory per square foot increased approximately 3.1% compared to the prior year. During the quarter, the Company increased promotional activities in order to continue to clear through previously committed unproductive inventory.

While this negatively impacted merchandise margin, the Company made progress in working through legacy merchandise to ensure a clean inventory position for the fall season.

bebe stores

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search