Interviews
News Flash
United Retail Comparable store sales decline in Aug
06 Sep '07
1 min read
United Retail Group Inc announced that net sales during August 2007 were $24.9 million compared with $26.4 million during August 2006.
Comparable store sales decreased 7% for the month versus a 3% increase in August 2006. Net sales increased 1% for the fiscal year-to-date to $258.2 million from $256.7 million in the same period last year.
Comparable store sales decreased 1% for the fiscal year-to-date. Comparable store sales data does not include avenue.com sales, which increased 46% for the month of August and 51% for the fiscal year to date.
Raphael Benaroya, the Company's Chairman, President and Chief Executive Officer, commented, “Soft consumer spending continued to create a challenging retail environment, which affected recent comparable store sales."
"With the average age of our customer above 40 years old, August has not been an important 'back-to-school' month for us as it has been for other retailers who target younger demographics. Rather, it is a time for us to build Fall inventories and prepare for the upcoming Fall season.”
United Retail Group Inc is a specialty retailer of large-size women's fashion apparel, footwear and accessories featuring AVENUE brand merchandise.
Comparable store sales decreased 7% for the month versus a 3% increase in August 2006. Net sales increased 1% for the fiscal year-to-date to $258.2 million from $256.7 million in the same period last year.
Comparable store sales decreased 1% for the fiscal year-to-date. Comparable store sales data does not include avenue.com sales, which increased 46% for the month of August and 51% for the fiscal year to date.
Raphael Benaroya, the Company's Chairman, President and Chief Executive Officer, commented, “Soft consumer spending continued to create a challenging retail environment, which affected recent comparable store sales."
"With the average age of our customer above 40 years old, August has not been an important 'back-to-school' month for us as it has been for other retailers who target younger demographics. Rather, it is a time for us to build Fall inventories and prepare for the upcoming Fall season.”
United Retail Group Inc is a specialty retailer of large-size women's fashion apparel, footwear and accessories featuring AVENUE brand merchandise.
United Retail Group Inc
Popular News
Leave your Comments
Editor’s Pick
Christian Guinet
French Textile Equipment Manufacturers’ Association (UCMTF)
Dr. Michael Duetsch & Man Woo Lee
UPM Biochemicals and Dongsung Chemical
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
