Net sales for the three months ended December 31, 2016, at apparel retailer Bebe Stores slipped 16.8 per cent to $101.9 million as against $122.4 million reported in the prior fiscal’s second quarter.
Comparable store sales for the second quarter of fiscal 2017 declined 10.5 per cent, compared to a drop of 2.5 per cent in the same quarter of fiscal 2016.
Net sales for the three months ended December 31, 2016, at apparel retailer Bebe Stores slipped 16.8 per cent to $101.9 million as against $122.4 million reported in the prior fiscal's second quarter.
Comparable store sales for the second quarter of fiscal 2017 declined 10.5 per cent, compared to a drop of 2.5 per cent in the same quarter of fiscal 2016.#
However, gross margin as a percentage of net sales rose to 34.4 per cent in the reporting quarter, vis-à-vis 34.0 per cent in the earlier fiscal’s comparable quarter, primarily the effect of a reduction in markdowns and promotions.
In the quarter under review, net loss fell to $5.2 million, or $0.65 per share, on 8 million diluted shares outstanding, versus loss of $5.5 million, or $0.68 per share, on 8 million diluted shares outstanding, in the previous fiscal’s second quarter. (AR)
Fibre2Fashion News Desk – India
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