Stage Stores May sales surge, comp store sales rise 4%
01 Jun '06
2 min read
Department-store operator Stage Stores Inc has reported that total sales for the four-week period ended May 27th 2006 increased 16.1 percent to $116.1 million from $100.0 million in the prior year four-week period ended May 28th 2005.
Comparable store sales increased 4.0 percent versus an increase of 7.0 percent last year. The company noted that its comparable store sales do not include the sales generated by the acquired B.C. Moore stores.
Jim Scarborough, Chairman and CEO, said, "We are pleased with our 4.0 percent comparable store sales gain in May, which was on top of the strong 7.0 percent comparable store sales increase we achieved last year. Our customers continued to react favorably to our spring and summer product offerings, resulting in solid sales gains and successful Mother's Day and Memorial Day related sales events."
The company stated that its merchandise categories with the best comparable store sales performance for the month included women's special sizes (+9.1 percent), accessories (+8.9 percent), home decor (+7.7 percent), junior sportswear (+6.5 percent) and cosmetics (+6.1 percent).
During May, the company opened a Peebles store in Leechburg, Pennsylvania and a Stage store in Payson, Arizona, and reopened its hurricane-damaged store in Orange, Texas. It also relocated its stores in Eunice, Louisiana and Kilgore, Texas to higher potential locations, and expanded its stores in Henderson, Texas and Tappahannock, Virginia.
marketing@alchempro.com
