Net sales soar at apparel & home fashions retailer
23 Nov '07
2 min read
These results were achieved through solid execution of the off-price model, specifically our disciplined management of inventories and open-to-buy, as well as our continued focus on cost reduction. While sales were slightly below plan, we believe this was mostly due to unseasonably warm weather through the majority of September and October.
Importantly, as the weather cooled towards the end of the quarter, we saw a strong surge in sales and demand for cold weather apparel.
We enter the fourth quarter with very clean, fresh inventories, and significantly more liquidity than at this time last year, which positions us well to take advantage of a market full of buying opportunities and flow great gift product throughout the holiday selling season.”
marketing@alchempro.com
