United Retail Group Inc announced that net sales increased 1% to $46.5 million for June 2007 from $46.0 million for June 2006.
Comparable store sales for the month decreased 1% versus a 5% increase for June 2006.
For the fiscal quarter-to-date, net sales increased 3% to $91.0 million from $88.1 million in the same period last year.
For the fiscal quarter-to-date, comparable store sales increased 1% on top of a 7% increase for the same period last year.
For the fiscal year-to-date, net sales increased 2% to $202.0 million from $197.5 million in the same period last year.
Comparable store sales for the fiscal year-to-date increased 1% on top of a 5% increase for the same period last year.
Online sales increased 55% for the month of June, 58% for the fiscal quarter-to-date, and 54% for the fiscal year-to-date versus the comparable periods of fiscal 2006.
Raphael Benaroya, the Company's Chairman, President and Chief Executive Officer, commented: “In June we increased our promotional activity to stimulate sales that had been impacted by soft consumer spending. Consequently, average retail price declined, but transactions increased by some 7% over the same period last year. We view the factors leading to the decline in monthly comparable sales as transitory. Our business concept remains sound and we continue to be focused on our growth strategy.”
United Retail Group is a specialty retailer of large-size women's fashion apparel, footwear and accessories featuring AVENUE brand merchandise.
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