Stage Stores, Inc. total sales for the five-week June period beginning June 3, 2007 and ending July 7, 2007 increased 9.9% to $133.4 million from $121.4 million in the prior year five-week period beginning May 28, 2006 and ending July 1, 2006. Comparable store sales increased 1.4% versus an increase of 3.5% last year.
The Company noted that the reported prior year sales results exclude inventory liquidation sales of $12.0 million generated last June by the acquired B.C. Moore stores prior to their conversion to Peebles stores.
The Company's best performing categories during the month were dresses and cosmetics with increases of 17.6% and 14.3%, respectively.
Jim Scarborough, Chairman and Chief Executive Officer, commented, “Considering the challenges brought on by the heavy rainfall in our southwestern markets, we are generally pleased to have accomplished this comparable store increase for the month.”
