AI
Wednesday, October 09, 2002 10:00:14 PM
Bombay Co Announces 15% Increase In Sept Same Store Sales
Wednesday October 9, 9:26 pm ET
FORT WORTH, Texas -(Dow Jones)- Bombay Co. (NYSE:BBA - News) said its September same-store sales, or sales at stores open at least a year, rose 15% amid particular strength in its furniture category.
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In a press release Wednesday, the home-accessories retailer said total revenue for the five-week period ending Oct. 5 rose 25% to $43.6 million from $35.0 million in the year-earlier period.
Revenue from non-store activity, including Bailey Street Trading Company, international, mail order and Internet, amounted to 8% of total revenue for the period compared to 5% for comparable period a year ago.
For the thirty-five weeks ended Oct. 5, same-store sales fell 5%, while total revenue rose 5% to $265.0 million from last year's $252.9 million.
Revenue from non-store activity amounted to 7% of total revenue for the period compared to 3% a year earlier.
Bombay said all regions of the country, as well as Canada, experienced double digit same-store sales growth as the company increased density of store level inventories and targeted its marketing efforts.
Bombay said levels of promotional activity were similar to last year.
The company also said the lockout at the West Coast ports, at this time, has not had a significant effect on operations. Since the majority of the holiday inventory has already arrived, Bombay said, the impact on revenue for the next few months is not expected to be significant.
Company Web site: http://www.bombaycompany.com
-Elizabeth Wollman; Dow Jones Newswires; 201-938-5400
http://biz.yahoo.com/djus/021009/2126000868_1.html
Sara
Go Giants! Go 49ers!
Wednesday October 9, 9:26 pm ET
FORT WORTH, Texas -(Dow Jones)- Bombay Co. (NYSE:BBA - News) said its September same-store sales, or sales at stores open at least a year, rose 15% amid particular strength in its furniture category.
ADVERTISEMENT
In a press release Wednesday, the home-accessories retailer said total revenue for the five-week period ending Oct. 5 rose 25% to $43.6 million from $35.0 million in the year-earlier period.
Revenue from non-store activity, including Bailey Street Trading Company, international, mail order and Internet, amounted to 8% of total revenue for the period compared to 5% for comparable period a year ago.
For the thirty-five weeks ended Oct. 5, same-store sales fell 5%, while total revenue rose 5% to $265.0 million from last year's $252.9 million.
Revenue from non-store activity amounted to 7% of total revenue for the period compared to 3% a year earlier.
Bombay said all regions of the country, as well as Canada, experienced double digit same-store sales growth as the company increased density of store level inventories and targeted its marketing efforts.
Bombay said levels of promotional activity were similar to last year.
The company also said the lockout at the West Coast ports, at this time, has not had a significant effect on operations. Since the majority of the holiday inventory has already arrived, Bombay said, the impact on revenue for the next few months is not expected to be significant.
Company Web site: http://www.bombaycompany.com
-Elizabeth Wollman; Dow Jones Newswires; 201-938-5400
http://biz.yahoo.com/djus/021009/2126000868_1.html
Sara
Go Giants! Go 49ers!
Sara
"I never give them hell. I just tell the truth and they think it's hell." - Harry Truman
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