Stage Stores, Inc. (SSI) reported that total sales for the five-week June period ended June 30, 2012 increased 5.8 percent to $141 million from $134 million in the prior year five-week period ended July 2, 2011. Comparable store sales for the month increased 3.3 percent.
The company noted that the comparable store sales increase for June was broad based, with cosmetics, footwear, home & gifts and men’s categories exceeding the company average. Geographically, the Northeast, South Central, which includes Texas, and Southwest regions outperformed.
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SALES SUMMARY
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Comp Store Sales |
Total Sales
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% Change |
($ Millions) | ||||||||||||||
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Fiscal Period
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2012
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2011
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2012
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2011
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| 1st Quarter | 2.5 | 0.2 | 366 | 347 | ||||||||||||
| May | 8.0 | 0.0 | 130 | 117 | ||||||||||||
| June | 3.3 | 1.8 | 141 | 134 | ||||||||||||
| Q2-to-Date | 5.5 | 0.9 | 271 | 251 | ||||||||||||
| YTD (5 Mos) | 3.8 | 0.5 | 637 | 598 | ||||||||||||
Michael Glazer, President and Chief Executive Officer, commented, “We are pleased with our 3.3 percent comparable store sales increase for June. Desirable merchandise selections and successful sales events contributed to our solid performance for the month.”
Store Activity
The company also reported today that it opened new Steele’s stores in Pampa, TX, Sulphur Springs, TX and Leesville, LA during June.
