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Footwear retailer Payless ShoeSource Jan sales up 0.8%

03
Feb '06
New York City based largest family footwear retailer Payless ShoeSource Inc reported that same-store sales increased 0.8 percent during the January reporting period, the four weeks ended January 28, 2006.

All data in this press release relate to continuing operations.

Company sales totaled $139.3 million, a 1.6 percent increase from $137.2 million during fiscal January of last year.

For the fourth quarter, same-store sales increased by 2.3 percent.

Total sales for the fourth quarter 2005 were $611.3 million, compared with $607.2 million in the fourth quarter 2004.

Total sales for fiscal 2005 were $2.67 billion, compared with $2.66 billion during fiscal 2004, and same-store sales increased 2.4 percent during the year.

-Sales from continuing operations.

- The fiscal year for operations in the company's Latin American region and Japan is based on a December 31 year-end. Operations in the company's Latin American region (178 stores) and Japan are included in total company results on a one-month lag relative to results from other regions.

- Same-store sales represent sales of those stores in the United States, Canada, Puerto Rico, Guam and Saipan that were open during both periods.

Same-store-sales exclude stores in the company's Latin American region and Japan.

In January, the company had strong results in women's and men's dress and casual shoes, women's and children's athletic shoes,and girl's shoes. Weaker categories included women's and men's boots.


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