He added: "Our Internet site, www.avenue.com, has been profitable and continued its fast growth in the first quarter. Internet sales in the first quarter this year increased 90% over the first quarter in the previous year. The infrastructure is in place for further growth in Internet sales and we are committed to the opportunity that the Internet offers."
Mr. Benaroya concluded: "The Company's strategic repositioning is working. We will concentrate on detailed execution of the plan that is in place; execution is the key to sustaining the positive momentum."
United Retail Group Inc is a specialty retailer of large-size women's fashion apparel, footwear and accessories featuring AVENUE(R) brand merchandise. The Company operates 512 AVENUE(R) stores with 2,239,000 square feet of selling space, as well as the AVENUE.COM website at http://www.avenue.com.
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