Home / Knowledge / News / Apparel/Garments / Mothers Work May sales up 8.7%, comp store sales rise 5.5%

Mothers Work May sales up 8.7%, comp store sales rise 5.5%

Jun '06
Maternity apparel retailer Mothers Work Inc has announced preliminary net sales for May 2006 and reaffirmed its previous guidance for sales and earnings for the third quarter.

Preliminary net sales for the month of May 2006 increased approx. 8.7 percent to $56.4 million from $51.9 million reported for the month of May 2005. The increase in net sales for May 2006 was primarily driven by increased comparable store sales, as well as increases in sales from the company's Oh Baby! by Motherhood licensed arrangement with Kohl's and internet sales.

Preliminary comparable store sales for May 2006 increased approx. 5.5 percent (based on 1,484 locations) versus a comparable store sales decrease of 8.1 percent (based on 987 locations) for May 2005. The 8.1 percent comparable store sales decrease for the month of May 2005 was adversely impacted by approx. 3 to 4 percentage points by having four Saturdays in May 2005 compared to five Saturdays in May 2004.

During May 2006, the company opened no stores and closed six stores. It ended the month with 818 stores and 1,545 total retail locations, compared to 860 stores and 1,596 total retail locations at the end of May 2005.

Rebecca Matthias, President and COO of Mothers Work, noted, "We are pleased to report another month of very strong sales performance, as we delivered a comparable store sales increase of approximately 5.5 percent for the month, which exceeded our expectations.”

"Our strong sales results for April and May put us on target to meet or exceed our previous third quarter sales guidance of $157.5 to $160.5 million, and our previous third quarter comparable store sales guidance of an increase of 2.5 percent to 4.5 percent. With our sales at or above plan, a favorable price promotional environment compared to last year, and our continued tight expense controls, we expect to meet or exceed our previous third quarter guidance for diluted earnings per share of between $1.20 and $1.34 per share (after stock option expense).

Must ReadView All

Pic: Shutterstock

Textiles | On 15th Feb 2020

Morocco to revise FTA with Turkey

Turkey has agreed to review its free trade agreement with Morocco,...

Pic: Shutterstock

Textiles | On 15th Feb 2020

German, Italian investors interested in investing in Pak

German and Italian investors and manufacturers have evinced keen...

Pic: Nike

Apparel/Garments | On 15th Feb 2020

Nike employs distributors in Brazil, Argentina, Chile

Nike has entered into strategic distributor deals for its Nike Brand...

Interviews View All

Manfred Mentges, Sedo Treepoint GmbH

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Victor Chao, Esmetex

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Spring Chang,

Spring Chang

A specialist in manufacturing printing machines, <b>Wenzhou Changs</b>...

Alon Moshe,

Alon Moshe

Israel-based Twine Solutions is a technology start-up that has developed a ...

Ian Russell, Pireta

Ian Russell

UK-based Pireta has developed a unique free-form process to add durable,...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

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

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2020

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

Advanced Search