The Dress Barn, Inc. Reports January and Second Quarter Sales Results.SUFFERN, N.Y. -- The Dress Barn, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on - DBRN DBRN Data-Based Referenced Navigation DBRN Decibels above reference Noise DBRN Data Bank Release Notice ), one of the nation's leading specialty A contract under seal. A specialty is a written document that has been sealed and delivered and is given as security for the payment of a specifically indicated debt. apparel retailers offering quality career and casual fashions at value prices, today reported its fiscal January January: see month. and Second Quarter sales results. Total sales for the four-week fiscal period ended January 29, 2005 increased 73% to $53.5 million compared to $31.0 million reported for comparable fiscal period ended January 24, 2004. The January monthly sales include sales for Maurices Incorporated ("Maurices"), which was acquired January 2, 2005. Same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. for The Dress Barn, Inc. (the "Company") increased 1% for the fiscal month ended January 29, 2005, and include same-store sales for Maurices in both years. Same-store sales for the Company's fiscal month ended January 29, 2005 were as follows:
Fiscal
Four-Week Period
Ended
January 29, 2005
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Dress Barn +3%
Maurices -3%
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Total Company Same-Store Sales +1%
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The Company's fiscal year ended July July: see month. 31, 2004 contained a 53rd week. As a result, year over year sales comparisons are shifted one week later for reporting purposes during this fiscal year. The fiscal January reporting calendar followed by most retailers compares the four-week period ended January 29, 2005 to the four-week reporting period ended January 31, 2004. On this reporting basis the Company's January same-store sales increased 6%. Total sales for the thirteen-week fiscal period ended January 29, 2005 increased 17% to $199.5 million versus $171.0 million for the comparable period ended January 24, 2004. The Company's sales for this quarterly period include January sales for Maurices, which was acquired January 2, 2005. Same-store sales for this fiscal period increased 2% and include January same-store sales for Maurices in both years. As of January 29, 2005, the Company operated 775 Dress Barn stores in 45 states and 473 Maurices stores 39 states. |
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