Home / Knowledge / News / Fashion / Stage Stores plans to open 70 new stores during 2008
Stage Stores plans to open 70 new stores during 2008
11
Mar '08
Stage Stores Inc reported net income for the thirteen week fourth quarter ended February 2, 2008 of $31.7 million, or $0.78 per diluted share, compared to net income of $39.6 million, or $0.88 per diluted share, for the prior year fourteen week fourth quarter ended February 3, 2007. Last year's fourth quarter results include various non-comparable income items that totaled $0.10 per diluted share.

As previously reported by the Company, total sales for this year's thirteen week fourth quarter were $473.0 million vs. $491.2 million for the fourteen week fourth quarter last year. Sales during last year's fourteenth week totaled $21.4 million. Comparable store sales for the fourth quarter (thirteen weeks vs. first thirteen weeks) decreased 3.1% vs. an increase of 2.5% in the prior year.

Commenting on the Company's fourth quarter results, Jim Scarborough, Chairman and Chief Executive Officer, stated, “When you take last year's non-comparable income items into consideration, our Q-4 diluted earnings per share were the same on a year-over-year basis.

Given the challenging economic environment that we operated in throughout 2007, we are pleased with our fourth quarter results, which benefited from our careful management of inventory levels and merchandise receipt flows, tight controls over our operating expenses, and our stock repurchase activities.”

Total sales for the 52 week 2007 fiscal year were $1,545.6 million vs. $1,550.2 million for the53 week 2006 fiscal year. Comparable store sales for the fiscal year (52 weeks vs. first 52 weeks) decreased 1.1% vs. an increase of 3.5% last year.


Must ReadView All

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Interviews View All

Top executives
Textile industry, India

The event should be organised every year

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Steve Cole
Xerium Technologies

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

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