Home / Knowledge / News / Fashion / Tween Brands total inventories flat at end of 2007
Tween Brands total inventories flat at end of 2007
20
Feb '08
Tween Brands Inc reported earnings per diluted share of $1.00 for the thirteen weeks ended February 2, 2008 compared to the $0.86 reported for the fourteen weeks ended February 3, 2007. The $1.00 includes the recognition of a pretax restructuring charge of $4.4 million, or $0.11 per diluted share.

Excluding the restructuring charge, earnings per diluted share increased 29% to $1.11. A reconciliation of earnings per diluted share on a GAAP basis to earnings per diluted share excluding the restructuring charge, a non-GAAP financial measure, is shown at the end of this release.

Net sales for the thirteen weeks of the fourth quarter of 2007 reached a record $315.8 million, a 16% increase on the $272.3 million in sales for the fourteen weeks of the fourth quarter 2006. Comparable store sales for the 2007 period increased 8% compared to the 2% increase for the 2006 quarter. By brand, Justice delivered a 29% increase in comparable store sales and Limited Too delivered a 3% increase. The company's e-commerce sales increased 125%.

Commenting on the improved fourth quarter results, Tween Brands Chairman and CEO Mike Rayden said, "In addition to great sales growth, we controlled our inventory, managed markdowns, and delivered better than expected operating income."

Total inventories at the end of 2007 were flat on a per square foot at cost basis compared to inventories at the end of 2006. In-store inventories were down 5% per square foot at cost.


Must ReadView All

EU renews GSP+ scheme for Pakistan 2 years

Apparel/Garments | On 24th Feb 2018

EU renews GSP+ scheme for Pakistan 2 years

Pakistani exporters can enjoy preferential duties on exports to the...

Surat wary of e-way bills

Textiles | On 24th Feb 2018

Surat wary of e-way bills

There is no respite for Surat’s textile manufacturers and retailers....

Retailers choose sides in Alibaba-Tencent battle in China

Apparel/Garments | On 24th Feb 2018

Retailers choose sides in Alibaba-Tencent battle in China

Two big Chinese firms— Alibaba Group Holding Ltd and Tencent Holdings ...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search