Fleet Feet, Inc. announced that its 64 stores recorded a 15.0% growth in overall retail sales for the first quarter of 2005 as compared to first quarter 2004. Total retail sales for the quarter were a record high $11 million in revenue. Comparative stores sales for the quarter were up 10.5% over 2004.
“The continued growth and success of Fleet Feet stores nationwide is a tribute to the hard work, dedication and skills of our outstanding franchise owners,” said Fleet Feet President, Jeff Phillips. “This incredible group of franchisees is able to maintain strong relationships with customers, vendors and their communities while building and managing an intensely competitive business.”
Three new Fleet Feet stores opened for business in the first quarter 2005. Fleet Feet gained presence in Hickory, North Carolina; Madison, Wisconsin; and Stockton, California. Planned new store openings for the summer 2005 include Gaithersburg, Maryland; Kailua, Hawaii; and Elmhurst, Illinois.
“With such a strong start to the year, we are confident that 2005 will be one of the best in Fleet Feet history,” stated Phillips. “We are continuing to innovate and improve our customer service with the implementation of a sports bra fitting process. Weve taken the methods used in the Fleet Feet Personal FIT Process that places consumers in the right products for their feet, and created a unique and powerful process to personalize the fitting of sports bras.”
