Stage Stores Jan sales up 3.8%, comp store sales rise 1.5%
02 Feb '06
2 min read
Apparel maker Stage Stores Inc has reported total sales for the four-week period ended January 28, 2006 increased 3.8 percent to $66.1 million from $63.7 million in the prior year four-week period ended January 29, 2005.
Comparable store sales increased 1.5 percent versus an increase of 3.7 percent last year.
Jim Scarborough, Chairman, President and Chief Executive Officer, said, "Geographically, we had mixed sales results in January. In general, the warmer than normal temperatures we experienced throughout the month resulted in weakened demand for our winter clearance merchandise.”
“As we look ahead, we believe that we will be well positioned as we move fully into the spring selling season, and we are optimistic about our prospects for our 2006 fiscal year,” he added.
For the fourth quarter ended, the company reported that total sales increased 7.6 percent to $418.6 million from $389.0 million last year, and comparable store sales grew 5.6 percent versus an increase of 4.0 percent for the prior year period. For the full 2005 fiscal year, total sales increased 8.1 percent to $1,344.1 million from $1,243.9 million in fiscal 2004, while comparable store sales increased 5.4 percent for the year.
During January, the company closed its stores in Killeen, Texas, Conway, Arkansas and Lawton, Oklahoma. A fourth store was closed in Edinburg, Texas as part of the company's consolidation of its two Edinburg stores into a single expanded location.
marketing@alchempro.com
