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Mothers Work Comparable store sales soar in May
06 Jun '08
3 min read
The Company's reported comparable store sales results for June 2008 will be unfavorably impacted by approximately 4 percentage points due to having one less Friday and Saturday in June 2008 compared to June 2007.
During May 2008, the Company opened four stores, including its 17th and 18th Destination Maternity Superstores, and closed 2 stores, including one store closing related to a Destination Maternity store opening.
As of the end of May 2008, the Company operates 760 stores, 771 leased department locations and 1,531 total retail locations, compared to 792 stores, 820 leased department locations and 1,612 total retail locations operated at the end of May 2007.
Rebecca Matthias, President and Chief Creative Officer of Mothers Work, noted, "We are pleased with the continued improvement in our sales trend we saw in May, despite the adverse effect of unseasonably cool weather compared to last May, as we continue to anniversary weaker sales results from a year ago and continued to refine our merchandise assortments and our in-store merchandise presentation.
"Looking forward, we continue to feel very good about our product lines and we are cautiously optimistic about seeing continued improvement in our sales trend as we experience more seasonal temperatures and anniversary weaker sales results compared to a year ago, and as we continue to refine our merchandise assortments and our in-store merchandise presentation.
However, we recognize that we are faced with a continued extremely weak overall economic and retail environment and, thus, we are managing our inventory and expenditures very tightly. We continue to focus on developing great maternity product under each of our brands and on improving our sales and profitability performance.
We also continue to be excited about our Destination Maternity stores, and we opened our two newest Destination Maternity Superstores during May, bringing our total to 18.
We are the only national retailer that is solely focused on maternity, and we are further differentiating ourselves as the ultimate maternity destination with these large, well-assorted, "must visit" Destination Maternity stores."
During May 2008, the Company opened four stores, including its 17th and 18th Destination Maternity Superstores, and closed 2 stores, including one store closing related to a Destination Maternity store opening.
As of the end of May 2008, the Company operates 760 stores, 771 leased department locations and 1,531 total retail locations, compared to 792 stores, 820 leased department locations and 1,612 total retail locations operated at the end of May 2007.
Rebecca Matthias, President and Chief Creative Officer of Mothers Work, noted, "We are pleased with the continued improvement in our sales trend we saw in May, despite the adverse effect of unseasonably cool weather compared to last May, as we continue to anniversary weaker sales results from a year ago and continued to refine our merchandise assortments and our in-store merchandise presentation.
"Looking forward, we continue to feel very good about our product lines and we are cautiously optimistic about seeing continued improvement in our sales trend as we experience more seasonal temperatures and anniversary weaker sales results compared to a year ago, and as we continue to refine our merchandise assortments and our in-store merchandise presentation.
However, we recognize that we are faced with a continued extremely weak overall economic and retail environment and, thus, we are managing our inventory and expenditures very tightly. We continue to focus on developing great maternity product under each of our brands and on improving our sales and profitability performance.
We also continue to be excited about our Destination Maternity stores, and we opened our two newest Destination Maternity Superstores during May, bringing our total to 18.
We are the only national retailer that is solely focused on maternity, and we are further differentiating ourselves as the ultimate maternity destination with these large, well-assorted, "must visit" Destination Maternity stores."
Mothers Work Inc
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