Home / Knowledge / News / Apparel/Garments / Mothers Work sees a strong improvement in April sales
Mothers Work sees a strong improvement in April sales
09
May '08
Mothers Work Inc the world's leading maternity apparel retailer announced that net sales for the month of April 2008 decreased 0.3% to $52.2 million from $52.3 million reported for the month of April 2007.

The slight decrease in sales versus last year resulted primarily from a decrease in Sears leased department sales and reduced sales volume from the ongoing closure of certain underperforming stores, substantially offset by an increase in comparable store sales.

Comparable store sales for April 2008 increased 2.3% (based on 995 locations) versus a comparable store sales decrease of 14.8% (based on 1,412 locations) for April 2007.

The comparable store sales increase of 2.3% for April 2008 was towards the high end of the Company's guidance range for April comparable store sales of down 1% to up 3%, which the Company provided in its April 23, 2008 press release.

As previously announced, since the Company's leased departments within Sears stores will close before the end of the third quarter, the Company's Sears leased departments are not being included in the Company's comparable store sales results beginning in April, the first month of the Company's third quarter.

As of April 30, 2008, the Company operates 477 Sears leased departments, which will all close before the end of June 2008. As of April 30, 2007, the Company operated 524 Sears leased departments.

The comparable store sales increase of 2.3% for April 2008 was unfavorably impacted by approximately 2 to 3 percentage points due to the earlier timing of Easter compared to last year (March 23, 2008 compared to April 8, 2007) and due to having four Sundays in April 2008 compared to five Sundays in April 2007.

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

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

Madhu Jain
Madhu Jain

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

Prathyusha Garimella
Prathyusha Garimella

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

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:
April 2017

April 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



X