Talbots Inc registers 9th consequtive positive comp same store sales growth
01 Sep '05
2 min read
Nation's leading clothing e-tailer Talbots Inc announced sales for fiscal August, the four weeks ended August 27, 2005, increased 9 percent to $93.1 million from $85.4 million for the four weeks ended August 28, 2004. Comparable store sales increased 2.3 percent for the month, as expected. Year-to-date sales for the thirty weeks ended August 27, 2005 increased 10.0 percent to $989.2 million from $899.1 million reported for the thirty weeks ended August 28, 2004. Comparable store sales increased 5.2 percent for the year-to-date period.
Arnold B. Zetcher, Chairman, President and Chief Executive Officer, commented, "They are pleased with August results, which were in line with expectations and marked ninth consecutive month of positive comp store sales gains. One of the smallest volume months of the year, August is also a transitional period in which complete semi-annual sale and transfer the remaining clearance merchandise to outlet stores."
"Looking ahead, they feel very good about merchandise assortments, inventory levels, and comprehensive marketing campaign, including national print and television advertising, direct mail and a variety of in-store initiatives. Given these factors, they believe they are well-positioned for a successful September, which we view as the true start to the fall selling season," concluded Zetcher.
Talbots is a specialty retailer & cataloger of women's, children's and
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