New York & Company April sales up 12.7%, same-store sales rise 2.6%
04 May '06
2 min read
New York & Company Inc, a specialty apparel chain with 530 stores, announced that total net sales for the four-week period ended April 29th 2006 increased 12.7 percent to $91.7 million, compared to $81.4 million in the prior year period.
Comparable store sales increased 2.6 percent for the four-week period, as compared to a comparable store sales decrease of 0.7 percent in the prior year period.
Total net sales for the thirteen-week year-to-date period ended April 29th 2006 decreased 1.1 percent to $267.1 million, as compared to $270.0 million in the prior year period. Comparable store sales decreased 9.2 percent for the thirteen-week period, as compared to an increase of 3.9 percent in the prior year period.
Richard Crystal, Chairman and CEO stated: "During the month of April, we experienced a significant improvement in comparable store sales trend from the prior two months. This was due, in large part, to the strength of our new deliveries and increased traffic created by the Easter holiday shift."
In the first fiscal quarter of 2006, the company opened a total of 14 new stores and closed three stores, ending the quarter with 530 stores and 3.3 million selling square feet in operation.
New York & Company Inc, founded in 1918, is a leading specialty retailer of fashion-oriented, moderately-priced women's apparel.