Children's Retail Place sees sharp rise in Sept sales
07 Oct '05
4 min read
The Children's Place Retail Stores Inc announced total consolidated sales of $160.7 million for the five-week period ended October 1, 2005, a 52 percent increase compared to sales of $105.9 million reported for September 2004.
September sales were comprised of $115.8 million in sales from The Children's Place, a 9 percent increase over last year, and $44.9 million in sales from Disney Store. Comparable store sales for The Children's Place stores increased 2 percent, on top of a 12 percent increase for the same period last year. During September, the Company opened three Children's Place stores and nine Disney Stores.
• Total Sales Increased 52 percent; Sales from The Children's Place Stores Increased 9 percent • September Comparable Stores Sales Increased 2 percent on Top of Last Year's 12 percent Increase • Amy Hauk to Become SVP, General Merchandise Manager of Disney Store
The Company commented that during the month of September, 44 stores were temporarily closed due to Hurricanes Katrina and Rita, seven of which remain closed. The Company estimates total lost sales from the hurricanes of approximately $1.5 million in the month of September.
Total consolidated sales for the thirty-five weeks ended October 1, 2005, were $974.8 million, a 60 percent increase compared to sales of $607.4 million reported for the same period last year. Sales for the thirty-five weeks were comprised of $709.7 million from The Children's Place, a 17 percent increase over last year, and $265.1 million from the Company's Disney Store business.
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