New York & Company Inc, a specialty apparel chain with 540 stores, announced that total net sales for the four-week period ended August 26, 2006 increased 5.3 percent to $76.8 million, as compared to $72.9 million in the prior year period.
Comparable store sales increased 1.0 percent for the four-week period, as compared to a comparable store sales decrease of 13.4 percent in the prior year period.
Total net sales for the thirty-week year-to-date period ended August 26, 2006 increased 1.9 percent to $608.8 million, as compared to $597.5 million in the prior year period. Comparable store sales decreased 5.8 percent for the thirty-week period, as compared to an increase of 0.2 percent in the prior year period.
Richard P. Crystal, Chairman and CEO stated: "We were pleased with our August performance, with business strengthening throughout the month as customers responded favorably to our new fall merchandise offerings. We believe that our improved performance demonstrates that our fall assortment better reflects the desires of our target consumer, which should bode well for the fall season."
The Company opened six new stores and closed three stores in August, ending the month with 540 stores and 3.3 million selling square feet in operation.
Conference Call Information
To listen to New York & Company's pre-recorded August sales message beginning today, Thursday, August 31, 2006 at 8:00 am ET, please dial (888) 203-1112 followed bythe conference identification number #1785143.
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 New York & Company retail stores. The Company currently operates 540 retail stores in 45 states.
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