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Mothers Work June net sales drop 5.4%

13
Jul '07
Mothers Work Inc, the world's leading maternity apparel retailer announced that net sales for the month of June 2007 decreased 5.4% to $46.9 million from $49.6 million reported for the month of June 2006.

The decrease in sales versus last year resulted primarily from a decrease in comparable store sales. Comparable store sales for June 2007 decreased 5.4% (based on 1,401 locations) versus a comparable store sales increase of 6.2% (based on 1,486 locations) for June 2006.

The comparable store sales decrease of 5.4% for June 2007 was favorably impacted by approximately 2 to 3 percentage points due to having five Saturdays in June 2007 compared to four Saturdays in June 2006. During June 2007, the Company opened two multi-brand stores, including its 14th Destination Maternity(R) superstore and closed seven stores, including six stores related to multi-brand store openings.

As of the end of June 2007, the Company operates 787 stores, 812 leased department locations and 1,599 total retail locations, compared to 815 stores, 725 leased department locations and 1,540 total retail locations operated at the end of June 2006.

Net sales decreased 6.5% to $153.2 million for the third quarter of fiscal 2007 ended June 30, 2007, from $163.9 million for the same period of the preceding year. The decrease in sales versus last year resulted primarily from a decrease in comparable store sales, partially offset by increased sales from the Company's licensedrelationship and marketing partnerships.

Click here to read more results:

Mothers Work is the world's largest designer and retailer of maternity apparel, using its custom TrendTrack merchandise analysis and planning system as well as its quick response replenishment process to "give the customer what she wants, when she wants it."

Mothers Work Inc


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