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Home accessories sales grow in July - Stage Stores Inc

04
Aug '05
Houston based fashion products provider Stage Stores Inc reported that total sales for the four-week period ended July 30, 2005 increased 6.1 percent to $94.5 million from $89.1 million in the prior year four-week period ended July 31, 2004. Comparable store sales increased 2.4 percent versus a decrease of 7.8 percent last year.

The Company noted that its July 2004 comparable store sales results were negatively impacted by a calendar shift in the Texas sales tax holiday weekend, which moved this significant event from July in 2003 to August in 2004. The Company further noted that this year's Texas sales tax holiday weekend will take place in August just as it did last year.

The Company stated that most of its key merchandise departments achieved comparable stores sales increases during the month. Of this group, the top performing categories were women's special sizes (+15.3 percent), home decor (+15.2 percent) and accessories (+14.9 percent).

For the second quarter ended July 30, 2005, the Company reported that total sales increased 10.6 percent to $309.5 million from $279.9 million last year, while comparable store sales for the quarter increased 7.0 percent compared to a decrease of 3.2 percent in the prior year period.

Jim Scarborough, Chairman, President and Chief Executive Officer, commented, "Company is delighted to be continued strength of business. Having just completed a solid second quarter in which their comparable store sales were up a strong 7.0 percent, they enter the third quarter well positioned with exciting new merchandise for the upcoming back-to-school selling season."


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