Bombay Announces 4.2% Increase in February Same Store Sales
01 Marzo 2006 - 7:25PM
PR Newswire (US)
FORT WORTH, Texas, March 1 /PRNewswire-FirstCall/ -- The Bombay
Company, Inc. (NYSE:BBA) reported today that same store sales for
stores opened more than 12 months increased 4.2% for the four-week
period ended February 25, 2006. Total revenue increased 0.6% to
$35.0 million for the period compared to $34.8 million for the
four-week period ended February 26, 2005. Same store sales growth
exceeded the growth in total revenue due primarily to exiting the
wholesale business, which contributed $1.3 million in revenue
during the period last year. Sales from new stores effectively
offset sales from stores closed during the past twelve months while
Internet sales declined slightly during the period. (Logo:
http://www.newscom.com/cgi-bin/prnh/20051026/BOMBAYLOGO ) James D.
Carreker, Chairman and CEO, commented, "We were encouraged by the
positive same store sales trends particularly early in the month
but saw a softening of sales as the month progressed. Core Bombay
stores had the strongest same store sales growth while same store
sales at BombayKIDS stores declined slightly due to a shift in the
marketing calendar. Gross margins were challenged due to a higher
proportion of the mix being clearance merchandise as a result of
the decision to delay the introduction of new spring product until
March versus last year's February introduction. Spring product is
set to hit the stores in early March and will be supported by our
spring catalog expected to arrive in homes during the second week
of the month." The Bombay Company, Inc. designs, sources and
markets a unique line of home accessories, wall decor and furniture
through 490 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. Actual results may differ from forward- looking
statements due to the risk factors discussed in the periodic
reports filed by the Company with the Securities and Exchange
Commission, which the Company urges investors to consider.
http://www.newscom.com/cgi-bin/prnh/20051026/BOMBAYLOGO
http://photoarchive.ap.org/ DATASOURCE: The Bombay Company, Inc.
CONTACT: Elaine D. Crowley, Sr. Vice President and Chief Financial
Officer of The Bombay Company, Inc., +1-817-347-8200 Web site:
http://www.bombaycompany.com/
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