Home / Knowledge / News / Apparel/Garments / Arden B comparable store sales improves in September
Arden B comparable store sales improves in September
08
Oct '08
The Wet Seal Inc, a leading specialty retailer to young women, reported net sales and comparable store sales for the five-week period ended October 4, 2008, or fiscal September, as follows:

Click to view results:

Ed Thomas, chief executive officer of The Wet Seal Inc, commented: "At our Wet Seal stores, performance improved over the course of September after a slow start, leading to slightly positive comparable store sales in the last week of the month. Consistent with recent patterns, sales were relatively stronger in the middle of the country, primarily in the upper Midwest and Texas.

Results were weaker in portions of the country heavily affected by struggling housing markets, such as Florida, Arizona and Southern California. Overall, we were pleased with the resilience of the Wet Seal business in the face of economic uncertainty and the continued difficult retail environment."

Mr. Thomas continued, "At Arden B, comparable store sales improved slightly relative to August results, as we continue to refine the division's merchandising, pricing and promotional strategies. As business remains difficult, we continue to maintain very conservative inventory levels at Arden B and manage expenses tightly to ensure we mitigate the effects of the sales weakness."

Mr. Thomas concluded, "With September comparable store sales in line with our overall expectations and through tight management of all areas of our business, we continue to expect third quarter earnings per diluted share of between $0.05 and $0.07, which is consistent with our initial guidance given in late August."

Wet Seal Inc


Must ReadView All

'Sportswear is much more mainstream than earlier'

Fashion | On 20th Jul 2018

'Sportswear is much more mainstream than earlier'

The business of sportswear has evolved at a fast pace over the years. ...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Kerem Durdag
Biovation II LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search