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Casual Male Retail Group Q1 same-store sales rises 5.4%
04 May '06
2 min read
Casual Male Retail Group Inc, retail brand operator of Casual Male Big and Tall, Casual Male XL and Rochester Big & Tall, reported its sales results for the first quarter of fiscal 2006.
Total sales for the 13 week period ended April 29, 2006 increased 5.7 percent to $102.8 million from $97.2 million for the prior year's comparable 13 week period ended April 30, 2005. Same-store sales for the first quarter of fiscal 2006 increased 5.4 percent when compared with the first quarter of fiscal 2005.
"The first quarter of fiscal 2006 marks our tenth consecutive quarter of positive comp sales, which were driven by strong early selling of spring products and an improvement in our in-stock program. Our comp sales growth occurred with substantially less promotional activity then in the past and we will show an improvement in our gross margin. The launch of our conversion to Casual Male XL will happen this quarter and we look forward to the re-branding of our stores," said David Levin, CEO and President of Casual Male.
The company expects to release its first quarter fiscal 2006 earnings on May 18th 2006 and will hold a conference call and web cast at 11:00 AM ET at http://www.casualmale.com/investor.
CMRG, the largest retailer of big and tall men's apparel with retail operations throughout the United States, Canada and London, England, operates 487 Casual Male Big & Tall and Casual Male XL stores, the Casual Male e- commerce site, Casual Male catalog business, 13 Casual Male at Sears-Canada stores, 23 Rochester Big & Tall stores and a direct to consumer business.
Total sales for the 13 week period ended April 29, 2006 increased 5.7 percent to $102.8 million from $97.2 million for the prior year's comparable 13 week period ended April 30, 2005. Same-store sales for the first quarter of fiscal 2006 increased 5.4 percent when compared with the first quarter of fiscal 2005.
"The first quarter of fiscal 2006 marks our tenth consecutive quarter of positive comp sales, which were driven by strong early selling of spring products and an improvement in our in-stock program. Our comp sales growth occurred with substantially less promotional activity then in the past and we will show an improvement in our gross margin. The launch of our conversion to Casual Male XL will happen this quarter and we look forward to the re-branding of our stores," said David Levin, CEO and President of Casual Male.
The company expects to release its first quarter fiscal 2006 earnings on May 18th 2006 and will hold a conference call and web cast at 11:00 AM ET at http://www.casualmale.com/investor.
CMRG, the largest retailer of big and tall men's apparel with retail operations throughout the United States, Canada and London, England, operates 487 Casual Male Big & Tall and Casual Male XL stores, the Casual Male e- commerce site, Casual Male catalog business, 13 Casual Male at Sears-Canada stores, 23 Rochester Big & Tall stores and a direct to consumer business.
Casual Male Retail Group Inc
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