Sales Up!!!
SOURCE: The Bombay Company
The Bombay Company, Inc. Announces March Sales Increase
FORT WORTH, Texas, April 8 /PRNewswire/ -- The Bombay Company, Inc. (NYSE: BBA - news) reported today that same store sales for stores in existence for more than one year increased 14% for the five week period ended April 3, 1999, compared to the corresponding period of the prior year. Total sales increased 18% to $29.5 million compared to $25.1 million last year. For the nine week period, same stores sales
increased 6% and total sales increased 9% to $51.7 million from $47.4 million last year.
Robert S. Jackson, Chief Executive Officer, stated, ''The Company is very pleased with the response to the new spring products particularly in the areas we have identified as high growth. The new storage baskets, candles, textiles, florals and gift categories performed very well. Our furniture sales also had good results as we continue to improve the assortment in that area. Strong gross margins for the month more than offset February weakness and put the Company back in line with its gross margin plan.''
The Bombay Company, Inc. is a specialty retailer marketing classic and traditional furniture, prints and accessories through a network of 414 Bombay stores and its mail order operations in the United States and Canada as well as over the Internet at www.bombayco.com.
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.
SOURCE: The Bombay Company |
