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Mothers Work Comparable store sales soar in May
06 Jun '08
3 min read
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.
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.
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