Home / Knowledge / News / Fashion / West 49 achieves sales growth of 3.9% for Back-to-School period
West 49 achieves sales growth of 3.9% for Back-to-School period
Sep '08
West 49 Inc Canada's leading action sport retailer, reported sales results for its fiscal 2009 Back-to-School selling period.

Net sales for the five-week period ended September 13, 2008 increased 3.9% to $32.2 million compared to $31.0 million for the corresponding period last year.

The growth was attributable to new stores opened since the Back-to-School period last year, as well as growth in comparable store sales.

Consolidated comparable store sales growth for the Back-to-School selling period was 1.3%, with comparable store sales growth of 1.1% from the Company's core West 49 banner, compared to the same period last year.

For reference purposes, the Company reported comparable sales increases of 0.6% on a consolidated basis and 2.1% for the West 49 banner for the Back-to-School selling season last year.

"Our strategic focus on offering our customers relevant branded merchandise at prices that are competitive both domestically and across the border resulted in solid growth during what was one of the most challenging Back-to-School retail environments in the history of our Company," said Sam Baio, Chief Executive Officer of West 49 Inc.

"Importantly, sales during the critical two-week period immediately before and after the Labour Day were very strong. In addition, the Back-to-School period saw the continued strengthening of sales results in Ontario.

Based on our success in strengthening our competitive position, as well as in driving the number of units per transaction through our incentive programs, we remain well positioned for the second half of fiscal 2009."

West 49 Inc

Must ReadView All

Nigeria's ABP scheme targets 1 lakh cotton farmers in 2019

Textiles | On 21st Mar 2019

Nigeria's ABP scheme targets 1 lakh cotton farmers in 2019

The Central Bank of Nigeria’s (CBN) Anchor Borrowers Programme (ABP)...

Pic: CorePower Yoga

Apparel/Garments | On 21st Mar 2019

TSG Consumer Partners takes over CorePower Yoga

TSG Consumer Partners, a leading private equity firm focused...

Pic: Showcase USA

Apparel/Garments | On 21st Mar 2019

Showcase USA store helps in cross-border e-commerce sales

Leveraging the backbone of ABC Depot Logistics, the exclusive 3PL and ...

Interviews View All

Headhonchos, Indian textile value chain

Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Mario Ploner,

Mario Ploner

<div>Italian company Tecnomeccanica Biellese specialises in planning and...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Amiben Shroff, Shrujan

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

March 2019

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

news category

Related Categories:

Advanced Search