Stage Stores Inc reported that its total sales for the four-week May period beginning May 6, 2007 and ending June 2, 2007 increased 9.8% to $116.6 million from $106.2 million in the prior year four-week period beginning April 30, 2006 and ending May 27, 2006.
The Company noted that the reported prior year sales results exclude inventory liquidation sales of $9.9 million generated last May by the acquired B.C. Moore stores prior to their conversion to Peebles stores. Comparable store sales increased 1.7% versus an increase of 4.0% last year.
Jim Scarborough, Chairman and Chief Executive Officer, commented, “Our successful Mother's Day and Memorial Day related sales events, combined with gradually improving weather trends, helped drive sales of our spring and summer goods, resulting in comparable store sales increases across a broad range of our major merchandise categories."
"Our top three performing categories during May were dresses, cosmetics and plus sizes, which posted comp gains of 9.5%, 4.6% and 4.2%, respectively.”
marketing@alchempro.com
