Home / Knowledge / News / Fashion / Charlotte Russe reports same store sales declines 0.9%

Charlotte Russe reports same store sales declines 0.9%

21
Jul '05
San Diego based growing mall-based fashion retailer of Charlotte Russe Holding Inc reported financial results for the third quarter of fiscal 2005 ended June 25, 2005.

Mark Hoffman, Chief Executive Officer, remarked: "As expected, this year's third quarter proved challenging because it was impacted by the earlier Easter, which shifted sales into the second quarter, and because of our strong comps last year.”

While the quarter started out slower than expected in April, it finished stronger in June for both chains. Sales benefited from our decision to accelerate the wall presentation of denim in our stores. At Charlotte Russe, the tops business improved into the back half of the third quarter as the assortment caught up with the bare embellished trends.

"At Rampage, as they had projected for some time, the success of the brand repositioning was evidenced by the return to positive comps during the months of May and June. With the positive momentum established during this past quarter, I look forward to continued comp increases from this chain in the coming months as they anniversary the downturn that occurred when they began the merchandise repositioning last August."

Mr. Hoffman continued: "Inventory levels at the quarter-end reflected the accelerated denim strategy with inventories at stores open for more than one year being up about 21 percent over last year's level. “

Excluding the denim categories and the elevation of retail price points at the Rampage stores, inventories were up less than 10 percent. Lastly, inventories at our distribution centers were higher this year to support the denim acceleration and new store openings.


Must ReadView All

Pic: Shutterstock

Textiles | On 27th Feb 2020

Australia willing to consider FTA with India on RCEP lines

Australia is willing to consider a bilateral free trade agreement...

Pic: Shutterstock

Apparel/Garments | On 27th Feb 2020

Hun Sen asks PRC garment investors not to leave Cambodia

Prime Minister Hun Sen recently again told Chinese garment sector...

Pic: Shutterstock

Textiles | On 27th Feb 2020

ADD removal on PTA respite to man-made textiles: Ind-Ra

The withdrawal of anti-dumping duty (ADD) on purified terephthalic...

Interviews View All

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Boban Charly,

Boban Charly

Bierrebi designs and manufactures automatic machines that cut fabric into...

Vikram Saria,

Vikram Saria

Shanghai-based Aura Designs Ltd is a leading manufacturer of textile and...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search