Nation's leading career apparel retailer Dress Barn Inc announced record sales and earnings results for its first fiscal quarter ended October 29, 2005.
Net sales for the thirteen-week period ended October 29, 2005, increased 62 Percent to $318.9 million compared to $197.1 million in the first quarter of the prior year. The quarterly increase was driven by better than expected sales results for both the dressbarn and maurices brands.
The Company noted that results from maurices were not included in the year-ago period, as the business was acquired on January 2, 2005. Comparable store sales, which do give effect to maurices in the year-ago period, increased 9 Percent for the first quarter.
Dress Barn Inc, is a leading national specialty apparel retailer offering quality career and casual fashion apparel through its dressbarn and maurices brands. As of October 29, 2005, the Company operated 796 dressbarn stores in 45 states and 507 maurices stores in 39 states. For more information, please visit www.dressbarn.com and www.maurices.com.
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