Home / Knowledge / News / Fashion / Citi Trends' Q3 total net sales for four-week period rises 64.9%

Citi Trends' Q3 total net sales for four-week period rises 64.9%

04
Nov '05
Savannah, Georgia based Citi Trends Inc reported unaudited sales results for the four-week period and third quarter ended October 29, 2005.

Total net sales for the four-week period ended October 29, 2005 increased 64.9 percent to $22.7 million compared with $13.8 million for the four-week period ended October 30, 2004. Comparable store sales increased 37.0 percent for the four- week period ended October 29, 2005, compared with a 0.0 percent increase in the prior-year period.

Total net sales for the thirteen-week period ended October 29, 2005 increased 51.8 percent to $69.9 million compared with $46.0 million for the thirteen- week period ended October 30, 2004. Comparable store sales increased 25.0 percent for the thirteen-week period ended October 29, 2005, compared with a 3.0 percent increase in the prior-year quarter. Relocated and expanded stores are included in the comparable store sales results.

During the months of September and October 2005, the Company had a total of 38 stores closed for at least one day of the period due to Hurricanes Katrina, Rita and Wilma with 5 stores remaining closed as of the end of October. Those lost store sales days had a significant negative effect on sales for this period. However, after the hurricanes, sales in the stores directly affected by the hurricanes as well as stores located in contiguous areas have increased dramatically. This rebound effect has significantly more than offset the negative affect of the closings. They estimate that sales in the non-affected comparable stores increased approximately 18-20 percent in October and approximately 17-19 percent for the quarter.


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Feb 2020

CLMV nations urged to export goods items to Japan

Cambodia, Laos, Myanmar and Vietnam (CLMV) were recently encouraged...

Pic: Shutterstock

Apparel/Garments | On 19th Feb 2020

Turkey's apparel sector sets $19 bn export target in 2020

Turkey's apparel sector, which sold goods worth $17.7 billion to...

Pic: Waleeds / Shutterstock.com

Textiles | On 19th Feb 2020

Pakistan textile exports up 3.68% in July-Jan FY20

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Software Firms, Head honchos

Software Firms
Head honchos

Blockchain technology will shorten lead times

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Deepprakash Agrawal,

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Pratik Agarwal,

Pratik Agarwal

Breya is a brand of Indo-Western clothes for women owned by ABP Apparels...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


February 2020

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


Advanced Search