Goodfriend also indicated that inventory levels on a per-square-foot basis were lower at the end of the second quarter this year compared with the same period last year.
For the fiscal year to date, the Company has opened 18 new stores and relocated or remodeled five stores. For the balance of the fiscal year, the Company expects to open approximately 11 additional new stores and relocate or remodel up to five existing stores.
The Company will conduct a conference call today at 9:00 a.m. (Eastern Time). To listen to the Company's conference call, dial (913) 981-5509. A replay will be available from 12:00 p.m. (Eastern Time) on August 17, 2005, until 6:00 p.m. on August 18, 2005. To listen to the playback, dial (719) 457-0820 and enter 4907604 when prompted for the access code.
Tennessee based Goody's Family Clothing Inc, headquartered in Knoxville, Tennessee, is a retailer of moderately priced family apparel. With the opening of the 3 new stores, the Company currently operates 371 stores (368 at July 30, 2005, compared with 345 July 31, 2004) in the 20 states of Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia and West Virginia.
Goody's Family Clothing Inc
marketing@alchempro.com
