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United Retail Group FY net sales rises 14% to $27.7m

Feb '06
United Retail Group Inc has reported that net sales increased 14 percent to $27.7 million for January 2006 from $24.3 million for January 2005.

Comparable store sales increased 15 percent for the month on top of an 8 percent increase in January 2005.

For the fiscal fourth quarter, net sales increased 11 percent to $119.4 million from $107.9 million in the prior year period. Comparable store sales increased 12 percent for the fiscal fourth quarter on top of an 8 percent increase in the prior year period.

For the fiscal year 2005, net sales increased 10 percent to $438.7 million from $399.3 million last year. Comparable store sales increased 12 percent for the fiscal year on top of a 2 percent increase in the prior year.

Comparable store sales data does not include online ('Shop @ Home') sales. Shop @ Home sales increased 93 percent for the month of January, 137 percent for the fiscal fourth quarter and 120 percent for the fiscal year.

Raphael Benaroya, Chairman, President and Chief Executive Officer, said, "The positive sales trend this year continued through the fourth quarter. Sales growth continued to be driven by a solid increase in transactions per average store, which reflects consistent customer acceptance of the merchandise. Further, the sales gains occurred across a broad range of product categories and across the country."

United Retail Group Inc is a specialty retailer of large-size women's fashion apparel, footwear and accessories featuring AVENUE(R) brand merchandise.

United Retail Group Inc

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