>>
Home / Knowledge / News / Fashion / Payless CEO says Sept sales is below expectations

Payless CEO says Sept sales is below expectations

07
Oct '05
Family footwear retailer Payless ShoeSource Inc reported that the same-store sales decreased 0.6 percent during the September reporting period, the five weeks ended October 1, 2005. All data in this press release relate to continuing operations.

Company sales totaled $235.7 million, a 2.2 percent decrease from $240.9 million during fiscal September 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.


Matt Rubel, Chief Executive Officer (CEO) and President said that sales results for September were below expectations. Looking forward, they are focusing on the consumer and on making an emotional connection through fun, fashionable product, strong brand communications and a more compelling point of sale experience.

The company remains committed to its goal of achieving low single-digit positive same-store sales growth through more consistent execution of its strategy.

The company closed approximately 130 stores in areas impacted by Hurricane Katrina. To date, 28 of those stores remain closed. Store closings related to Hurricane Rita peaked at approximately 139 stores. Currently, 12 stores impacted by Rita remain closed.


Must ReadView All

Pic: Shutterstock

Textiles | On 21st Jan 2022

China to optimise energy production, supply, storage, sales

As the global energy market faces complicated situations, China’s top ...

Pic: Dreamstime.com

Apparel/Garments | On 21st Jan 2022

Bangladeshi garment, accessory makers form joint panel to boost export

The Bangladesh Garment Manufacturers and Exporters Association, the...

Pic: Shutterstock

Textiles | On 21st Jan 2022

New cargo trains link China's Inner Mongolia, Fujian to Moscow

A new cargo train carrying 50 containers departed on January 12 from...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

David Guiho,

David Guiho

Headquartered in Apt, South of France, Delta Plus designs, manufactures...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Sujata & Taniya Biswas, Suta

Sujata & Taniya Biswas
Suta

Founded by <b>Sujata and Taniya Biswas</b>, Suta is a humble brand which...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

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

ESTEEMED CLIENTS

Restoque S.A.
Gatsby Africa
Sportswear Company Spa
Grasim Industries Limited
BIMBA ;& LOLA SL
Etam Group Strategy Hong Kong Limited
Sainsbury's Argos Asia Limited
Tory Burch Hong Kong Ltd
IKEA of Sweden AB
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Chori Company Limited
Babyshop
T.T. Limited
Page Industries Limited (Bangalore)
Decathlon
Cat Tuong Real Estate Group Joint Stock Company
John Varvatos
Target Corporation (MN)
THE BOMBAY DYEING ;& MFG.CO. LTD
Vardhman Textile Ltd
Green Fibre
SYNERGIES HONG KONG LIMITED
Seasalt Limited
Gloria Jeans
Benetton Group
Lenzing Aktiengesellschaft
BIANCA
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Chico’ FAS
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Varner AS Retail
Bluestem Global Sourcing Limited
Helly Hansen Far East Ltd
Brandix Lanka Limited
Aquarelle Clothing Limited
TESCO INTERNATIONAL SOURCING LIMITED
IDH – The Sustainable Trade Initiative
C;&A Sourcing International Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Lacoste (Wanchai)
Rosset ;& Cia Limited
Amazon China
Vianney Textil Hogar S.A. De C.V.
Reiter India Private Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Eastman Chemical Company
Lululemon Athletica Inc
Gap International Sourcing Limited
Truetzschler India Private Limited
Hela Clothing Pvt Ltd
Abit
International Textile Manufacturers Federation
Splash
Lifestyle
Alix Partners
Esprit Europe Services GmbH
H;&M Hennes ;& Mauritz (Far East) Ltd
Recron Polyester from Reliance Industries Limited
NITI Aayog
Arvind Limited
Boardriders Asia Sourcing Limited
The Top Form Brassiere Manufacturing Company Limited
Calvin Klein
Rayonese Textile Inc., Division de Culp Inc.
Lisa S.P.A.
G-Star Raw C.V.
OVS Hong Kong Sourcing Ltd.
Tommy Hilfiger
Midas Clothing Limited
Maceton Limited
Tchibo GmbH
Phong Phu international JSC (PPJ)
Desigual - ABASIC, S.A.
Puma
Landmark Group
Aramark Uniform ;& Career Apparel, LLC
Groz-Beckert East Asia LLP
The LYCRA Company Singapore  Pte. Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Alison Hayes Romania
Sportmaster Ltd.
Under Armour Global Sourcing Ltd
KAS Direct Sourcing
J ;& P Coats
Guess Europe Sagl,
PVH Corporation
KIABI
Walmart
Asos
Gokaldas Exports Limited

January 2022

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


Advanced Search