Fashionable women's clothing & accessories producer bebe stores Inc reported retail sales of $56.6 million for the five-week period ended July 1, 2006, an increase of 11.9 percent compared to sales of $50.6 million for the five-week period ended July 2, 2005. Same store sales for the five-week period ended July 1, 2006 increased 3.5 percent compared to an increase of 31.4 percent for June 2005.
Retail sales for the thirteen-week period ended July 1, 2006 were $152.0 million, up 12.0 percent from $135.7 million for the thirteen-week period ended July 2, 2005. Same store sales for the thirteen-week period ended July 1, 2006 increased 3.5 percent compared to an increase of 34.2 percent in the prior year.
Retail sales for the year-to-date period ending July 1, 2006 were $577.9 million compared to $506.0 million for the year-to-date period ending July 2, 2005, an increase of 14.2 percent. Same store sales for the year-to-date period ending July 1, 2006 increased 6.1 percent compared to an increase of 25.7 percent for the year-to-date period ending July 2, 2005.
As of July 1, 2006, finished goods inventory per square foot was approximately 12 percent higher as compared to the prior year which was comprised of 37 percent more full priced comparable store inventory offset by 22 percent less markdown comparable store inventory.
During fiscal 2006, the Company opened 31 stores, expanded, relocated or renovated 8 existing stores and closed three stores resulting in an approximate square footage growth of 15 percent. The number of new stores includes 19 bebe stores, nine BEBE SPORT stores and three bebe outlet stores.
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