Home / Knowledge / News / Fashion / Stage Stores completes Stock Repurchase Program
Stage Stores completes Stock Repurchase Program
Jan '08
Stage Stores Inc reported that its total sales for the five-week December period beginning December 2, 2007 and ending January 5, 2008 decreased 3.8% to $260.3 million from $270.5 million in the prior year five-week December period beginning November 26, 2006 and ending December 30, 2006. Comparable store sales for the month decreased 7.1% versus an increase of 2.2% last year.

Jim Scarborough, Chairman and Chief Executive Officer, commented, “Our December sales results were negatively impacted by the calendar shift, which was anticipated, as well as the effects of the challenging retail environment.

“Based upon our sales results for November and December, and our belief that the retail environment will continue to be challenging during January, we now project that our comparable store sales for the fourth quarter will be down in the low to mid single digit range, and our earnings for the quarter will be in a range of $0.76 to $0.81 per diluted share.

This compares to our previous forecast for the fourth quarter of flat comps and earnings of $0.80 to $0.85 per diluted share. Our revised earnings per share estimates reflect the beneficial impact of our recently completed $50 million stock repurchase program. We plan to provide an update of our forecast when we report our January sales results in early February,” Mr. Scarborough concluded.

For the full 2007 fiscal year, the Company is currently expecting that its comparable store sales will be down in the low single digit range.

Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search