bebe stores inc reported retail sales of $60.9 million for the five-week period ended July 7, 2007, an increase of 7.6% compared to sales of $56.6 million for the five-week period ended July 1, 2006. Same store sales for the five-week period ended July 7, 2007 decreased 5.4% compared to an increase of 3.5% for June 2006.
Retail sales for the quarter ended July 7, 2007 were $160.9 million, up 5.9% from $152.0 million for the quarter ended July 1, 2006. Same store sales for the quarter ended July 7, 2007 decreased 5.7% compared to an increase of 3.5% in the prior year.
Retail sales for the year-to-date period ending July 7, 2007 were $665.5 million compared to $577.9 million for the year-to-date period ending July 1, 2006, an increase of 15.2%.
Same store sales for the year-to-date period ending July 7, 2007 increased 2.9% compared to an increase of 6.1% for the year-to-date period ending July 1, 2006. Due to the 53rd week in fiscal 2007, same store sales for the year-to-date period exclude the additional week from fiscal January 2007.
As of July 7, 2007, finished goods inventory per square foot was approximately 1% higher as compared to the prior year.
During fiscal 2007, the Company opened 36 stores, expanded, relocated or renovated 23 existing stores and closed 5 stores resulting in a square footage growth of approximately 13%. The number of new stores includes 20 bebe stores, 15 BEBE SPORT stores and 1 bebe accessories store.
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