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Payless ShoeSource's spring merchandise indicates solid performance in May

03
Jun '05
Largest specialty family footwear retailer Payless ShoeSource Inc reported that same-store sales increased 4.1 percent during the May reporting period, the four weeks ended May 28, 2005.

Company sales totaled $240.2 million, a 2.4 percent increase from $234.5 million during fiscal May of last year.

* Sales from continuing operations.

* 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.

Payless ShoeSource was pleased with its May results. Customers have continued to react positively to the company's spring merchandise, to-date, as indicated by the solid performance in May.

Looking forward, Payless ShoeSource remains committed to its long-standing goal to continue to achieve low single-digit positive same-store sales on a consistent basis, through successful execution of our merchandise authority strategy.

Payless ShoeSource Inc is the largest specialty family footwear retailer in the Western Hemisphere. As of the end of May 2005, the Company operated a total of 4,635stostores offering quality family footwear and accessories at affordable prices.

Payless ShoeSource


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