Home / Knowledge / News / Apparel/Garments / Mothers Work Comparable store sales soar in May
Mothers Work Comparable store sales soar in May
06
Jun '08
Mothers Work Inc the world's leading maternity apparel retailer, announced that net sales for the month of May 2008 increased 0.2% to $54.2 million from $54.1 million reported for the month of May 2007.

The essentially flat sales versus last year resulted primarily from an increase in comparable store sales, substantially offset by a decrease in sales from our leased department and licensed relationships, including a decrease in Sears leased department sales, as well as reduced sales volume from the ongoing closure of certain underperforming stores.

Comparable store sales for May 2008 increased 4.3% (based on 992 locations) versus a comparable store sales decrease of 3.6% (based on 1,413 locations) for May 2007.

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 have not been included in the Company's comparable store sales results beginning in April, the first month of the Company's third quarter.

As of May 31, 2008, the Company operates 477 Sears leased departments, which will all close before the end of June 2008. As of May 31, 2007, the Company operated 524 Sears leased departments.

The comparable store sales increase of 4.3% for May 2008 was favorably impacted by approximately 4 percentage points due to having five Fridays and five Saturdays in May 2008 compared to four Fridays and four Saturdays in May 2007.

Must ReadView All

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

RBI Governor Urjit Patel addressing a press conference. Courtesy: Youtube

Textiles | On 7th Dec 2016

Defying expectations, RBI keeps repo rate unchanged

Defying market expectations, the Monetary Policy Committee (MPC) of...

The new OJ 59/1 B. Courtesy: Karl Mayer

Textiles | On 7th Dec 2016

Karl Mayer unveils new LACE.EXPRESS model for apparel

Germany’s leading textile machinery firm, Karl Mayer, has launched a...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Binoy Ravjani
Hero's Fashion

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella 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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search