Intimate apparel & dresses sales perk up at Stage Stores
June 05, 2008 - United States Of America
Stage Stores Inc reported that its total sales for the four week May period ended May 31, 2008 increased 5.1% to $122.6 million from $116.6 million in the prior year four week period ended June 2, 2007. Comparable store sales increased 0.1% this year versus an increase of 1.7% last year.
The Company stated that its cosmetics, childrens, intimate apparel, dresses, footwear and petites categories all achieved comparable store sales increases during May, posting gains of 15.1%, 4.6%, 4.2%, 3.4%, 3.0% and 1.0%, respectively.
Jim Scarborough, Chairman and Chief Executive Officer, commented, “Our comparable store sales increase during May was driven by positive results in weeks one and four. Week one benefited from our monthly senior discount day sales event, which fell into April last year, as well as a successful Mother’s Day.
Week four benefited from a strong finish to our Memorial Day event. Our customers’ shopping patterns continue to suggest that consumers are principally sales event-driven, as they look to save money during these tough economic times.”
The Company closed its store in Camden, SC during fiscal May. Looking ahead, the Company continues to expect to open five new stores in July, including its first two stores in Idaho.