Home / Knowledge / News / Fashion / United Retail declares same store sales go up 17%

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."


Must ReadView All

Pic: Infinited Fiber Company

Textiles | On 21st Apr 2021

Infinited Fiber plans to build €220 mn flagship factory in Finland

Circular fashion and textile technology group Infinited Fiber Company ...

Pic: Fespa

Textiles | On 21st Apr 2021

Print production technology will continue to evolve: FESPA CEO

Print production technology will continue to evolve, and new...

Pic: Sundry Photography / Shutterstock.com

Retail | On 21st Apr 2021

US omnichannel retailer Kohl’s and Investor Group reach agreement

Kohl’s Corporation, a leading omnichannel retailer in the US, has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strike a balance between handmade in India and 'Make in India'

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

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


April 2021

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


Advanced Search