Nov performance in line with Mothers Work previous guidance
07 Dec '07
2 min read
Mothers Work Inc the world's leading maternity apparel retailer announced that net sales for the month of November 2007 increased 2.3% to $46.5 million from $45.4 million reported for the month of November 2006.
The increase in sales versus last year resulted primarily from an increase in sales from the Company's licensed arrangement and, to a lesser extent, from the Company's marketing partnerships.
Comparable store sales for November 2007 were flat (a 0.0% change)(based on 1,438 locations) versus a comparable store sales decrease of 1.3% (based on 1,463 locations) for November 2006.
This flat comparable store sales result for November is in line with the Company's guidance range for November comparable store sales of between down 1.0% and up 3.0% provided in its November 20, 2007 press release.
The comparable store sales change of 0.0% for November 2007 was favorably impacted by approximately 1 percentage point due to having five Fridays in November 2007 compared to four Fridays in November 2006.
During November 2007, the Company opened four stores, including two new multi-brand stores, which included the Company's 15th Destination Maternity superstore, and closed nine stores, including six store closings related to multi-brand store openings.
As of the end of November 2007, the Company operates 776 stores, 793 leased department locations and 1,569 total retail locations, compared to 809 stores, 788 leased department locations and 1,597 total retail locations operated at the end of November 2006.
marketing@alchempro.com
