Payless ShoeSource announces total sales rise 3.9%
02 Sep '05
1 min read
New York City based largest family footwear retailer Payless ShoeSource Inc reported that same-store sales increased 6.1 percent during the August reporting period, the four weeks ended August 27, 2005. All data in this press release relate to continuing operations. Company sales totaled $218.8 million, a 3.9 percent increase from $210.5 million during fiscal August of last year.
-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.
Payless ShoeSource Inc is the largest specialty family footwear retailer in the Western Hemisphere. As of the end of fiscal August 2005, the Company operated a total of 4,627 stores offering quality family footwear and accessories at affordable prices. In addition, customers can buy shoes over the Internet.