Denim, knitwear & accessories power Buckle's 4-week fiscal month
28 Aug '07
4 min read
Within the men's and women's categories combined, accessory sales for the fiscal month increased approximately 6.0 percent compared to the prior year fiscal July, while footwear sales increased approximately 2.0 percent. These two categories accounted for approximately 7.5 percent and 6.0 percent, respectively, of the current fiscal July's Net Sales. This compares with approximately 9.5 percent and 7.5 percent for each of these categories for the same period in the prior fiscal year. Average accessory price points were down approximately 3.0 percent and average footwear price points were down approximately 1.5 percent for the fiscal month.
UPT's were down slightly and average dollars per transaction were up mid single digits for the four–week period ended August 4, 2007, compared to the four–week period ended August 5, 2006. As of the end of the fiscal month, inventory on a company total basis was up approximately 5.0 percent, and inventory on a comparable store basis was up slightly. Total markdown inventory at the end of the period was down compared to the prior year; driven by decreases in the 50 percent off and 75 percent off categories.
Buckle currently operates 363 retail stores in 38 states compared to 346 stores in 38 states as of August 9, 2006.
It is our Company policy not to provide any guidance on current sales or to project results for the next quarter. Additionally, any forward looking statements made during this commentary involve material risks and uncertainties and are subject to change based on factors which may be beyond the Company's control. Accordingly, the Company's future performance and financial results may differ materially from those expressed or implied in any such forward–looking statements. Such factors include, but are not limited to, those described in the Company's filings with the Securities and Exchange Commission.
marketing@alchempro.com
