Leading specialty retailer New York & Company Inc (NY & Co) that total net sales for the four-week period ended November 26, 2005 increased 20.7 Percent to $111.2 million, compared to $92.1 million in the prior year period. Comparable store sales increased 12.9 Percent for the four-week period, compared to a comparable store sales decrease of 0.4 Percent in the prior year period.
Total net sales for the forty-three week period ended November 26, 2005 increased 7.3 Percent to $890.2 million, as compared to $829.3 million in the prior year period. Comparable store sales increased 1.9 Percent for the forty-three week period, compared to a comparable store sales increase of 10.3 Percent in the prior year period.
Richard P. Crystal, New York & Company's Chairman, President and CEO stated: "Pleased with results for November as we were able to deliver a 12.9 Percent increase in comparable store sales for the month, reflecting a terrific response to both our merchandise assortments and advertising campaign. Looking ahead, we believe our strategies have us poised to capitalize on the remainder of the holiday selling season."
The Company opened five new stores in November, ending the month with 528 locations and 3.3 million selling square feet in operation.
Conference Call Information To listen to New York & Company's prerecorded November sales message beginning today, Thursday, December 1, 2005 at 8:30 am ET, please dial (877) 519-4471 followed by the conference identification number #5457335.
New York & Company Inc, founded in 1918, is a leading specialty retailer of fashion-oriented, moderately-priced women's apparel. The Company's proprietary branded New York & Company merchandise is sold exclusively through its national network of retail stores. As of October 29, 2005, the Company operated 523 retail stores in 45 states.
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