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 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

View of YiwuTex 2016; Courtesy: YiwuTex

Textiles | On 28th Feb 2017

Smart knitting system to grace 18th YiwuTex 2017

The thematic functional knitting machinery zone at the 18th YiwuTex...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Ashok Desai
Bombay Textile Research Association

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

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

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
February 2017

February 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