Home accessories marketer The Bombay Company Inc reported that revenue for the five-week period ended October 1, 2005 declined 3.5 percent to $46.7 million compared to $48.3 million for the five-week period ended October 2, 2004.
Same store sales for stores opened more than one year declined 1.6 percent. Revenue from non-store activity, including Internet, Mail Order, International and Bailey Street Trading Company, was approximately 4 percent of total revenue for Fiscal September 2005 compared to approximately 11 percent for Fiscal 2004. Revenue for the five weeks ended October 2, 2004 includes $1.6 million from Bailey Street Trading Company, the assets of which were disposed during the second quarter of Fiscal 2005.
For the thirty-five weeks ended October 1, 2005, total revenue increased 2.0 percent to $336.4 million from last year's $329.8 million while same store sales declined 0.4 percent for the year-to-date period. Revenue from non-store activity was approximately 5 percent of total revenue for Fiscal September 2005 including $6.9 million from Bailey Street compared to approximately 10 percent for Fiscal 2004 including $10.4 million from Bailey Street.
The month end store count includes three stores that have been temporarily closed as a result of Hurricane Katrina. One store opened during the first week of October. The Company expects the remaining two stores to open prior to the holiday selling season.
The Bombay Company Inc designs, sources and markets a unique line of home accessories, wall decor and furniture through 495 retail outlets, specialty catalogs and the Internet in the U.S. and internationally.
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