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United Retail net sales up 6% to $44.5mn for May

07 Jun '07
2 min read

United Retail Group Inc announced that net sales increased 6% to $44.5 million for May 2007 from $42.1 million for May 2006.

Notably, the shift in the timing of Mother's Day on the retail fiscal calendar shifted some of the sales associated with the holiday to the fiscal month of April 2007 from the fiscal month of May 2007.

Comparable store sales grew 4% for the month on top of a 9% increase in May 2006.

For the fiscal year-to-date, net sales increased 3% to $155.5 million from $151.5 million in the same period last year.

Comparable store sales grew 1% for the fiscal year-to-date on top of a 5% increase in the same period last year.

Online sales increased 61% for the month of May and 54% for the fiscal year-to-date versus the comparable periods of fiscal 2006.

Raphael Benaroya, the Company's Chairman of the Board, President and Chief Executive Officer, commented: “We are pleased with our 4% comparable store sales increase for May, which was on top of a 9% increase in May of fiscal 2006."

Moreover, we experienced favorable sales indicators at the store level during the month, achieving a new record in sales per average store.

"For the full Mother's Day shopping period, which included one week in the fiscal month of April and two weeks in the fiscal month of May, average store sales increased over 10% versus the same calendar three week period of fiscal 2006. Our merchandise assortment is resonating well with our customers as we enter the summer selling season.”

United Retail Group Inc

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