Thursday September 11 9:58 AM EDT
Bombay Co says unable to speculate on stock rise
FORT WORTH, Sept 11 (Reuter) - Bombay Co (BBA), a furniture and home accessories retailer, said Thursday it is unable to speculate on the reasons for the unusual activity in its stock on Wednesday.
The stock closed up 1.1875 at 8.6875 on volume of 1,569,300 shares that day, it said.
The company said it is not its policy to comment on stock activity.
Robert Jackson, the company's interim president and chief executive officer, noted, however, that the company made a presentation at a conference sponsored by Robert Stephens & Co on Tuesday.
At the conference, the company highlighted the company's fall product introduction and initiatives, which culminates a full year's efforts to refocus on product direction towards complete lifestyle assortments of traditional and classic home furnishings, it said.
``This news product rollout is expected to lay the foundations for increases in same-store sales which are essential to improve the company's operating performance,'' it said.
It noted, however, that the new products have only recently appeared in its stores and there has not been sufficient time to evaluate consumer acceptance. |
