Celebrate Express brand repositions girls special occasion apparel
31 Mar '06
3 min read
As management had reported on February 15, 2006, the Company is incurring higher than anticipated fulfillment costs related to the Company's transition to a more automated order picking process. As a result, for the third quarter of fiscal 2006, fulfillment costs increased to 16.0 percent of net sales, compared with 12.2 percent in the same period in the prior year.
Selling and marketing expenses were 26.2 percent of net sales for the quarter just ended, up slightly from 25.9 percent in the same quarter last year. Marketing expenses as a percent of net sales have historically been higher in the Company's third fiscal quarter than in the Company's other quarters each year. General and administrative costs were 10.7 percent of net sales for the quarter just ended, up from 9.6 percent in the same quarter last year, due primarily to increases in Sarbanes-Oxley and other consulting fees, legal and accounting fees, and recruiting fees.
Conference Call Company management will be holding a conference call to discuss financial results for its third quarter of fiscal 2006 on Thursday March 30, 2006 at 5:00 p.m. ET/ 2:00 p.m. PT.
Celebrate Express Inc is a premier retailer of girls' party dresses, casual sportswear, mother/daughter outfits, shoes, and girls' special occasion dresses.
Currently, it operates three brands: Birthday Express markets children's party products, Storybook Heirlooms markets girls' special occasion apparel and accessories, and Costume Express markets children's costumes and accessories.
marketing@alchempro.com
