BBA Bombay CO

FORT WORTH, Texas, Sept. 12 /PRNewswire-FirstCall/ -- The Bombay Company, Inc. (NYSE:BBA) reported today that a total of three stores in New Orleans remain closed due to Hurricane Katrina. An additional eight stores in Alabama, Louisiana and Mississippi sustained minor damage and/or temporary power loss and have since reopened. Eight stores in Florida were closed for a short period of time, but did not incur significant damage. Since August 25 and through September 12, the Company has lost 93 store selling days across all affected stores, or 1.0% of total chain store selling days. The Company will be assessing insurance claims related to all affected stores over the next several weeks. Bombay's insurance covers its physical property as well as loss of income due to business interruption. Bombay has made exceptions to its pay policies for this disaster and has provided continued employment opportunities for several associates in stores outside of the affected areas. In addition, the Company and its employees are actively supporting relief agencies that are responding to this crisis with contributions of cash and other essential items. The Bombay Company, Inc. designs, sources and markets a unique line of home accessories, wall decor and furniture through 492 retail outlets, specialty catalogs and the Internet in the U.S. and internationally. Any statements in this press release that may be considered forward- looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Those risks are described in the Company's public announcements, reports to stockholders and SEC filings, including but not limited to Reports on Forms 10-K, 8-K and 10-Q, copies of which are available from the SEC or may be obtained upon request from the Company. The Company undertakes no obligation to revise the forward-looking statements contained therein to reflect events or circumstances after the date hereof as a result of new information, future events or otherwise. DATASOURCE: The Bombay Company, Inc. CONTACT: Elaine D. Crowley, Sr. Vice President, Chief Financial Officer of The Bombay Company, Inc., +1-817-347-8200 Web site: http://www.bombaycompany.com/

Copyright