Stage Stores, Inc. reported that comparable store sales for the four-week period ended March 1, 2003 decreased 7.6% as compared to the prior year four-week period ended March 2, 2002. Total sales decreased 4.8% to $59.5 million from $62.5 million in the prior year period.
The Company stated that its February sales results reflect the continuing weak economic and retail environment, and the lowest level of consumer confidence in ten years. The Company further stated that its sales were also impacted by store closures due to ice storms and inclement weather that struck parts of Texas, Oklahoma and Arkansas during the last week of the fiscal month.
