Same store sales drop at bebe stores

07 Apr '11

2 min read

bebe stores inc reported retail sales from continuing operations of $100.8 million for the third quarter ended April 2, 2011, a decrease of 0.5% compared to $101.3 million for the fiscal quarter ended April 3, 2010. Same store sales for the fiscal quarter ended April 2, 2011 decreased 0.7% compared to a decrease of 11.2% in the prior year.

Retail sales from continuing operations for the year-to-date period ended April 2, 2011 were $337.5 million, a decrease of 0.4% compared to $338.9 million for the year-to-date period ended April 3, 2010. Comparable store sales for the year-to-date period ending April 2, 2011 decreased 1.8% compared to a decrease of 20.8% for the year-to-date period ending April 3, 2010.

As of April 2, 2011, average finished goods inventory per square foot from continuing operations increased approximately 16% 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, BEBE SPORT, bbsp and 2b bebe brand names. bebe currently operates 249 stores, of which 212 are bebe stores and 37 are 2b bebe stores. These stores are located in the United States, U.S. Virgin Islands, Puerto Rico, Canada and Japan. bebe also distributes and sells bebe branded product through its licensees in approximately 15 countries.

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