Monday, October 25, 2010

Neiman's same-store sales plunge, Penney's also sees decline - Dallas Business Journal:

http://www.ani-stohini-unami.com/article/Get-It-Inspected--Some-Houses-Can-Drive-Owners-Batty.html
Upscale retailer Neiman Marcus Inc. says the four-week period in February ended with the company reportingha 24.2 percent drop in same-store salea within the specialty retail stores segment. The segmeng is made up of Neiman Marcus Storeseand . Same-store sales are sales at stores open for more thana Same-store revenue at Neiman Marcus Direct fell 1.1 percen t for the period. For the same Neiman’s recorded total revenue of $232 down 19.7 percent from the year-ago period. Meanwhilde comparable revenue hit $228 million, down 20.9 perceng from the $288 million posted last year. Plano-basedr Penney’s (NYSE: JCP) saw same-store salesd fall with an 8.
8 percent during the most recent period, up from 6.7 percent in the year-ago The company performed better than its initial forecast, whicn predicted a mid-teen drop in same-store sales for the monthn of February. Penney’s says women’s apparel continuee to be a strong performer, whilw home and family shoews were ranked the top performing divisions for the montnof February. Going into the month of Penney’s expects same-store sales to drop in the low-doublre digit to mid-teen range, the company

No comments:

Post a Comment