>>
Home / Knowledge / News / Apparel/Garments / Stage Stores reports 3.5% sales rise in Q1 FY'13
Stage Stores reports 3.5% sales rise in Q1 FY'13
17
May '13
Stage Stores, Inc. reported financial results for the first fiscal quarter ended May 4, 2013.

Total sales for the quarter increased 3.5% to $379 million from $366 million in the prior year first quarter ended April 28, 2012. Comparable store sales for the quarter increased 0.7%. The Company noted that its best performing categories were accessories and home & gifts. Geographically, the Southwest was the best performing region for the quarter.

The Company reported an adjusted loss for the quarter, excluding one-time items, of $0.8 million, or $0.02 per share. This compares to adjusted earnings, excluding one-time items, of $1.4 million, or $0.05 per diluted share, for the prior year first quarter.

Commenting on the Company’s first quarter results, Michael Glazer, President and Chief Executive Officer, stated, “The unseasonably cool weather in March and April, particularly when compared to last year’s warm spring, strongly impacted our sales performance. We managed our inventory aggressively and ended the quarter in a clean inventory position. We feel good about our merchandise assortments going into the second quarter.

“From an operational standpoint, we made excellent progress on a number of our key initiatives during the quarter. Most importantly, our South Hill consolidation remained on track for a midyear completion.

"We strongly believe that the consolidation will increase our productivity, create synergies, enhance our purchasing power, provide for a consistent message to our customers and accelerate sales growth. In addition, we opened 10 new stores, and started the roll-out of our new prototype fixture packages in our top 40 doors.

“Looking ahead, we remain optimistic about our prospects for the remainder of the year. We believe sales in the second quarter will benefit from pent-up demand for seasonal merchandise as temperatures normalize. In addition, our accelerated first quarter clearance cadence, similar to last year’s third quarter, should have a positive impact on our gross margins for the second quarter.

"Overall, we feel extremely positive about the initiatives that we have underway to drive top-line and bottom-line growth. As such, we are maintaining our comparable store sales and adjusted EPS guidance for the year. As another testament to our confidence in delivering future earnings growth, last month we announced a 25% increase in our quarterly dividend rate. This significant increase demonstrates our commitment to create value for our shareholders through increasing shareholder distributions,” Mr. Glazer concluded.

Stage Stores


Must ReadView All

Pic: Shutterstock

Textiles | On 20th May 2022

World economy projected to grow by 3.1% in 2022: UN

The world economy is projected to grow by 3.1 per cent in 2022,...

Pic: Shutterstock

Textiles | On 20th May 2022

85% of clothes, textiles in US dumped in landfill or incinerator: NIST

Only about 15 per cent of used clothes and other textiles in the...

Pic: Shutterstock

Textiles | On 20th May 2022

Lowering logistics costs key to Vietnam’s export competitiveness

Reducing logistics costs is crucial to raising competitiveness of...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Annabelle Georgina Hutter,

Annabelle Georgina Hutter

A Swiss, family-owned and run textile sourcing and supply company...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Teodora Mitrovska, Label - T*MITROVSKA

Teodora Mitrovska
Label - T*MITROVSKA

T*MITROVSKA is a highly conceptual London-based brand playing with...

Sarah & Sandeep Gonsalves, Label - Sarah & Sandeep

Sarah & Sandeep Gonsalves
Label - Sarah & Sandeep

Sarah & Sandeep is a luxury designer label synonymous with a...

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

ESTEEMED CLIENTS

Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Performance Days
Loris Bellini S.r.l.
Midas Clothing Limited
Tradewind International Servicing
Messe Frankfurt Exhibition GmbH
G.A.S. unternehmenskommunikation gmbh
Taiwan Textile Federation (TTF)
CGS Inc.
Officina Meccanica Dora Enrico Srl
Tuyap Tum Fuarcilik Yapim A.S.
Landmark Group
THE BOMBAY DYEING ;& MFG.CO. LTD
Copenhagen Fashion Summit
Splash
G-Star Raw C.V.
Huntsman (Singapore) Pte Ltd
Flainox S.r.l.
Under Armour Global Sourcing Ltd
Weitmann & Konrad GmbH & Co. KG
Truetzschler India Private Limited
Rayonese Textile Inc., Division de Culp Inc.
The Top Form Brassiere Manufacturing Company Limited
Messe Duesseldorf
Nandan Denim Limited
COTTON COUNCIL INTERNATIONAL
Shanghai  Aige Exhibition Service Co., Ltd
Lenzing Aktiengesellschaft - India
Eastman Chemical Company
Datatex Consulting Srl
Chico’ FAS
Amazon China
Woolmark Services India Pvt. Ltd.
Asos
Thai Acrylic Fibre Company Limited
Alison Hayes Romania
CSGIA(China Screen Printing & Graphic Imaging Association)
T.T. Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Mesdan SPA
Grasim Industries Limited
Page Industries Limited (Bangalore)
Kornit Digital Asia Pacific Ltd
Stahl Holdings B.V.,
Tory Burch Hong Kong Ltd
Groz-Beckert East Asia LLP
Bluestem Global Sourcing Limited
Inter Expo Center Ltd.
Restoque S.A.
Marzoli Machines Textile s.r.l.
Pt. Peraga Nusantara Jaya Sakti
Lululemon Athletica Inc
Puma
Gap International Sourcing Limited
Mayer & Cie. GmbH & Co. KG
Phong Phu international JSC (PPJ)
C;&A Sourcing International Ltd
BIANCA
Italian Trade Commission
Shima Seiki Mfg. Ltd.
EMBEE CORPORATION
Target Corporation (MN)
FESPA (Reigate)
Hela Clothing Pvt Ltd
Brandix Lanka Limited
Jiangsu Yingyang Nonwoven Machinery Company Limited
GIOVANNI BOZZETTO S.p.A.
OVS Hong Kong Sourcing Ltd.
Lifestyle
Jindal Worldwide Limited
Boardriders Asia Sourcing Limited
K AND D ITMACH EXPOSITIONS LLP
SHAHI Exports Pvt Ltd
Meera Dyestuff Industries
Coats Digital Limited
IFF Media Ag - International Media Services
MAS Active / MAS Kreeda / MAS Bodyline
China World International Exhibition Company Limited
Seasalt Limited
Guess Europe Sagl,
TESCO INTERNATIONAL SOURCING LIMITED
DyStar India Pvt. Ltd
TEXVALLEY MARKET LIMITED
ZAITEX spa
NV Michel Van de Wiele
Decathlon
Itema Weaving (India) Private Limited
International Sourcing Expo Australia
APLF Limited
BRINKMANN GMBH
N9 World Technologies Private Limited
Rieter India Private Limited
J ;& P Coats
Esprit Europe Services GmbH
Savio Macchine Tessili S.P.A.
LC Waikiki
Zydex Industries
EPCH
Newtech Textile Technology Development (Shanghai) Company Limited
Indo Tex
Zünd Systemtechnik AG
Alix Partners
Sportmaster Ltd.
Istanbul Fuarcilik A.S.
DuPont de Nemours, Inc.,
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
GHCL LIMITED
Palexpo SA
Permoda(Koaj/Armi/Pronto/Bkul)
Sateri (Jiujiang) Fiber Co.,Ltd
Bluesign Technologies Ag
Chori Company Limited
John Varvatos
IKEA of Sweden AB
Green Fibre
KAS Direct Sourcing
Colours India Inc
BTC Textiles LLC
Helly Hansen Far East Ltd
Tommy Hilfiger
Reiter India Private Limited
IIGM Private Limited
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Rosset ;& Cia Limited
Karl Mayer Textilmaschinenfabrik GmbH
BIMBA ;& LOLA SL
The LYCRA Company Singapore  Pte. Ltd
Eurofins BLC Leather Technology Centre Ltd
KIABI
BTSR International S.P.A.
IDH – The Sustainable Trade Initiative
TESTEX AG, Swiss Textile Testing Institute
Centric Software
H;&M Hennes ;& Mauritz (Far East) Ltd
Sainsbury's Argos Asia Limited
Cat Tuong Real Estate Group Joint Stock Company
Aramark Uniform ;& Career Apparel, LLC
Lenzing Aktiengesellschaft
Lisa S.P.A.
FULGAR SpA
Datacolor AG Europe
Vardhman Textile Ltd
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Vianney Textil Hogar S.A. De C.V.
Etam Group Strategy Hong Kong Limited
Haelixa AG
USTER
Calvin Klein
Thermore (Far East) Ltd.
Color Service s.r.l.
Gloria Jeans
Comasia Limited
The LYCRA Company Singapore  Pte. Ltd
X-Rite Asia Pacific Limited (HK)
Arvind Limited
Hirdaramani International Export Private Limited
Lectra Technologies India Pvt Ltd.
Lacoste (Wanchai)
Thai Trade Center
PVH Corporation
Walmart
JES MEDIA, INC
Saurer Textile Solutions Pvt. Ltd.
Aleph Srl
Babyshop
NITI Aayog
International Textile Manufacturers Federation
Sportswear Company Spa
UBM China (Shanghai)
ITMA Services Pte Ltd
Tchibo GmbH
Dow Silicones Corporation
H. Stoll AG & Company KG
Indofil Industries Limited - Specialty & Performance Chemicals Division
Recron Polyester from Reliance Industries Limited
Gokaldas Exports Limited
Benetton Group
Recron Polyester from Reliance Industries Limited
Maceton Limited
VNU Exhibitions Asia
Abit
SYNERGIES HONG KONG LIMITED
Groz-Beckert KG
Kern – Liebers Textile
Lottmann Communications
Desigual - ABASIC, S.A.
TÜYAP IHTISAS FUARLARI A.S.
Nihalani Events Management
GERBER TECHNOLOGY LTD.
Infor (Hong Kong) Limited
Xtema - Thomas Lebherz Textilmaschinen
Applied DNA Sciences Inc
Gatsby Africa
Equinox Impex India
Aquarelle Clothing Limited
Varner AS Retail
Brückner Trockentechnik GmbH & Co. KG
EUROVET ASIA LTD

May 2022

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


Advanced Search