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Maternity apparel designer Mothers Work posts Jan results
08 Feb '08
3 min read
Mothers Work Inc the world's leading maternity apparel retailer, announced that net sales for the month of January 2008 decreased 5.2% to $38.7 million from $40.8 million reported for the month of January 2007.
The decrease in sales versus last year resulted primarily from a decrease in comparable store sales as well as a decrease in sales from the Company's licensed arrangement.
Comparable store sales for January 2008 decreased 2.1% (based on 1,405 locations) versus a comparable store sales decrease of 6.0% (based on 1,464 locations) for January 2007.
During January 2008, the Company opened two stores and closed 11 stores, including one store closing related to a prior period multi-brand store opening.
As of the end of January 2008, the Company operates 763 stores, 771 leased department locations and 1,534 total retail locations, compared to 798 stores, 784 leased department locations and 1,582 total retail locations operated at the end of January 2007.
Rebecca Matthias, President and Chief Creative Officer of Mothers Work, noted, "Our sales trend for January improved significantly compared to our December comparable store sales decline of 7.6%.
Our sales were somewhat weaker in the second half of January compared to the first half of the month, which resulted in our comparable store sales decrease of 2.1% for the month of January coming in somewhat below our updated guidance range for January comparable store sales of down 1% to up 1% that we provided in our January 24, 2008 press release.
The decrease in sales versus last year resulted primarily from a decrease in comparable store sales as well as a decrease in sales from the Company's licensed arrangement.
Comparable store sales for January 2008 decreased 2.1% (based on 1,405 locations) versus a comparable store sales decrease of 6.0% (based on 1,464 locations) for January 2007.
During January 2008, the Company opened two stores and closed 11 stores, including one store closing related to a prior period multi-brand store opening.
As of the end of January 2008, the Company operates 763 stores, 771 leased department locations and 1,534 total retail locations, compared to 798 stores, 784 leased department locations and 1,582 total retail locations operated at the end of January 2007.
Rebecca Matthias, President and Chief Creative Officer of Mothers Work, noted, "Our sales trend for January improved significantly compared to our December comparable store sales decline of 7.6%.
Our sales were somewhat weaker in the second half of January compared to the first half of the month, which resulted in our comparable store sales decrease of 2.1% for the month of January coming in somewhat below our updated guidance range for January comparable store sales of down 1% to up 1% that we provided in our January 24, 2008 press release.
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