Management of rue21 raises fiscal 2011 earnings guidance
31 May '11
4 min read
Mr. Fisch added: "We were confident going into the first quarter, and we continue to be confident going into the second quarter. We are improving our inventory management, and finished the quarter with inventory per square foot down 2.9% which puts us in a good position looking forward. We are not expecting to be materially impacted by higher raw material costs over the foreseeable future, and we believe we will again deliver on our goals for the year which include at least 20% earnings growth."
rue21 is a leading specialty apparel retailer offering exclusive branded merchandise and the newest trends at a great value. The Company currently operates 695 stores in 46 states.
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