Home / Knowledge / News / Apparel/Garments / Stage Stores nine weeks' sales upto Jan 4 stay stable
Stage Stores nine weeks' sales upto Jan 4 stay stable
15
Jan '14
Stage Stores, Inc. reported total sales of $427 million for the nine week November and December period ended January 4, 2014 versus $428 million for the prior year nine week period ended December 29, 2012. Comparable store sales for the nine week period decreased 1.5%.
 
Michael Glazer, President and Chief Executive Officer, commented, “We were pleased with our strong sales in early November and during Thanksgiving and Black Friday. However, traffic slowed in the weeks leading to Christmas and we were not able to maintain our early positive sales trend. Our overall performance was impacted by the highly promotional sales environment for apparel retailers as well as the difficult retail calendar.”
 
The Company noted that outerwear was its top performing category during the nine week period, followed by footwear, cosmetics and children’s. Geographically, the South Central, Southeast and Northwest regions performed better than the Company average.
 
Guidance
Based on the sales results and the impact of the highly promotional environment on merchandise margin, the Company is reducing its 2013 adjusted EPS guidance to a range of $1.10 to $1.15 from $1.20 to $1.30 previously. The Company expects to report its fourth quarter and full year sales and earnings results on March 6, 2014.
 

Stage Stores

Must ReadView All

Textiles | On 26th Sep 2016

Azerbaijan pins hope on revival of cotton sector

In the midst of economic problems, Azerbaijan president Ilham Aliyev...

Courtesy: Stenn International

Apparel/Garments | On 26th Sep 2016

Stenn debuts new $300mn fund for SE Asian suppliers

UK trade financer Stenn International has unveiled a $300 million...

Textiles | On 26th Sep 2016

Aleph unveils new LaForte wide format inkjet printers

Aleph, developer of a complete range of innovative digital printing...

Interviews View All

Frank Gossmann
Rotorcraft AG

Nitin Soni
Dolphin Jingwei Machines

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search