Bebe stores retail sales down 3.7% in Q3 FY'13

Comparable store sales for the fiscal quarter ended April 6, 2013 decreased 8.6% compared to an increase of 7.2% in the third fiscal quarter of the prior year. Comparable store sales were calculated excluding the additional week included in the month of January. The decrease was primarily driven by a 7% comparable store traffic decrease during the quarter, with February being the most negative.

Retail sales for the year-to-date period ended April 6, 2013 were $333.7 million, a decrease of 8.6% compared to $365.0 million for the year-to-date period ended March 31, 2012. Comparable store sales for the year-to-date period ending April 6, 2013 decreased 9.3% compared to an increase of 8.1% for the year-to-date period ending March 31, 2012.

As of April 6, 2013, average finished goods inventory per square foot increased approximately 6.8% compared to the prior year.

Bebe stores