Home / Knowledge / News / Apparel/Garments / Syms Comparable store sales fall for Q4
Syms Comparable store sales fall for Q4
19
Apr '08
Syms Corp a leading off-price retailer, announced results for its fourth quarter and fiscal year ended March 1, 2008.

The Company's net income for the thirteen weeks ended March 1, 2008 was $0.02 per share ($.3 million) as compared to a net income of $0.22 per share or ($3.2 million) for the fourteen weeks ended March 3, 2007.

The Company had a net income for the fifty two weeks ended March 1, 2008 of $0.06 per share ($.8 million) as compared to a net income of $0.66 per share ($9.5 million) for the fifty three weeks ended March 3, 2007.

The Company estimates that the effect on earnings per share, net of tax, of the gain on sales of real estate which aggregated $10.4 million in the year ended March 3, 2007, was approximately $0.43 per share.

Net sales for the thirteen weeks ended March 1, 2008 decreased 13.8% to $68.6 million compared to $79.5 million for the fourteen weeks ended March 3, 2007. Net sales for the fifty two weeks ended March 1, 2008 were $267.1 million versus $281.1 million, a decrease of approximately 5.0%.

The Company estimates that the extra week in the fourth quarter and fiscal year ended March 3, 2007 resulted in approximately $3,600,000 in additional net sales for that period. Comparable store sales were down 0.9% for the year and 9.2% for the quarter.

Syms Corp currently operates a chain of thirty three “off-price” apparel stores located throughout the Northeastern and Middle Atlantic regions andin the Midwest, Southeast and Southwest.

Syms Corp

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search