bebe announces fiscal second quarter sales

12 Jan '10

2 min read

bebe stores, inc. reported retail sales of $135.5 million for the fiscal quarter ended January 2, 2010, a decrease of 23.1% compared to sales of $176.3 million for the fiscal quarter ended January 3, 2009. Comparable store sales for the fiscal quarter ended January 2, 2010 decreased 22.5% compared to a decrease of 20.1% in the prior year. Beginning in November fiscal 2010 comparable store sales exclude the 62 PH8 stores due to the conversion of BEBE SPORT stores to PH8 stores.

Retail sales for the year-to-date period ended January 2, 2010 were $255.7 million compared to $333.6 million for the year-to-date period ended January 3, 2009 a decrease of 23.4%. Comparable store sales for the year-to-date period ending January 2, 2010 decreased 24.1% compared to a decrease of 16.0% for the year-to-date period ending January 3, 2009.

As of January 2, 2010, average finished goods inventory per square foot was approximately 15.7% lower as compared to the prior year.

bebe stores, inc. designs, develops and produces a distinctive line of contemporary women's apparel and accessories, which it markets under the bebe, PH8 and 2b bebe brand names. bebe currently operates 309 stores, of which 213 are bebe stores, 62 are PH8 stores, 33 are 2b bebe stores and 1 is a bebe accessories store. These stores are located in the United States, U.S. Virgin Islands, Puerto Rico and Canada.

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