New York & Co 22nd week net sales up 6.6%
July 08, 2005 - United States Of America
Specialty lifestyle brand New York & Company Inc announced the total net sales for the five-week period ended July 2, 2005 increased 7.6% to $91.1 million, compared to $84.7 million in the prior year period.
Comparable store sales increased 3.3% for the five-week period, compared to a comparable store sales increase of 9.7% in the prior year period.
Total net sales for the twenty two-week year-to-date period ended July 2, 2005 increased 6.6% to $457.9 million, as compared to $429.5 million in the prior year period.
Comparable store sales increased 3.2% for the twenty two-week period, compared to a comparable store sales increase of 14.7% in the prior year period.
Richard P. Crystal, Chairman and CEO stated: "June sales met our expectations and we were particularly pleased that all regions showed positive comparable store sales.
Initial results on early fall selling, especially in the denim and collection businesses, were very encouraging and we believe we are well positioned as we move into the third quarter."
The Company opened four new stores and closed three stores in June, ending the month with 487 locations and 3.191 million selling square feet in operation.
Conference Call Information
To listen to New York & Company's prerecorded June sales message beginning today, Thursday, July 7, 2005 at 8:30am ET, please dial (877) 519-4471 followed by the conference identification number No-5457335.
New York & Company Inc, founded in 1918, is a leading specialty retailer of fashion-oriented, moderately-priced women's apparel. The Company's proprietary branded New York & Company merchandise is sold exclusively through its national network of 487 retail stores in 45 states. Additionally, certain product, press release and SEC filing information concerning the Company is available at the Company's website: www.nyandcompany.com.