Spring assortments receives solid response in March at NY & Company
12 Apr '07
2 min read
New York & Company Inc announced that total net sales for the five-week period ended April 7, 2007 increased 16.9% to $110.9 million, as compared to $94.9 million for the five-week period ended April 1, 2006.
Comparable store sales increased 4.5% for the five-week period ended April 7, 2007 as compared to a comparable store sales decrease of 15.7% for the five-week period ended April 1, 2006.
Total net sales for the nine-week year-to-date period ended April 7, 2007 increased 13.2% to $198.6 million, as compared to $175.4 million for the nine-week year-to-date period ended April 1, 2006. Comparable store sales increased 3.7% for the nine-week period ended April 7, 2007 as compared to a comparable store sales decrease of 14.3% for the nine-week period ended April 1, 2006.
Richard P. Crystal, Chairman and CEO stated: "We were pleased with our March sales results, which reflected a solid response to our spring assortments. Sales gained momentum throughout the month and included a successful pre-Easter week. We remain optimistic about our business during the remainder of the spring season but do expect sales to be impacted in April due to the shift of the Easter selling period to March."
The Company opened three new stores and closed one store in March, ending the month with 562 stores and 3.3 million selling square feet in operation.
To listen to New York & Company's pre-recorded March sales message beginning Thursday, April 12, 2007 at 8:00 am EST.
marketing@alchempro.com
