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United Retail declares same store sales go up 17%

04
Aug '05
Rochelle Park, New Jersey based large-size women's clothing retailer, United Retail Group Inc announced that net sales increased 15 percent to $31.5 million during July 2005 from $27.3 million during July 2004.

Comparable store sales increased 17 percent for the month.

Net sales increased 13 percent for the second fiscal quarter to $114.7 million from $101.3 million in the same quarter last year.

Comparable store sales increased 15 percent for the fiscal quarter.

Net sales increased 11 percent for the fiscal year to date to $221.2 million from $198.8 million in the same period last year.

Comparable store sales increased 13 percent for the fiscal year to date.

Comparable store sales data does not include online sales. Shop at Home sales increased 127 percent for the month of July, 116 percent for the fiscal quarter and 104 percent for the fiscal year to date.

Raphael Benaroya, the Company's Chairman, President and Chief Executive Officer, commented: "The positive results for the Spring season are a strong indicator that their product centric strategy is working. More customers have been buying more overall and this was reflected in a meaningful increase in transactions throughout the season. Further, the sales increase is broad based, with a wide range of product categories performing well. As they enter the fall season, given the strong sell through of summer product, their inventory is clean."


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