Mothers Work Inc the world's leading maternity apparel retailer announced net sales for the month of May 2007. Net sales for the month of May 2007 decreased 4.0% to $54.1 million from $56.3 million reported for the month of May 2006.
The decrease in sales versus last year resulted primarily from a decrease in comparable store sales. Comparable store sales for May 2007 decreased 3.6% (based on 1,413 locations) versus a comparable store sales increase of 5.5% (based on 1,484 locations) for May 2006.
During May 2007, the Company opened its thirteenth Destination Maternity superstore and closed two stores, including one store closing related to the Destination Maternity store opening.
As of the end of May 2007, the Company operates 792 stores, 820 leased department locations and 1,612 total retail locations, compared to 818 stores, 727 leased department locations and 1,545 total retail locations operated at the end of May 2006.
Rebecca Matthias, President and Chief Creative Officer of Mothers Work noted, "Our sales for the month of May showed significant improvement from our sales results for April 2007, with a comparable store sales decrease of 3.6% for May compared to a comparable store sales decrease of 14.8% for April."
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