Same store earnings weak. See below.
>>FORT WORTH, Texas, Nov. 6 /PRNewswire/ -- The Bombay Company, Inc. (NYSE: BBA) reported today that same store sales for Bombay stores in existence for more than one year decreased 2% for the four week period ended November 1, 1997 compared to the corresponding period of the prior year. For the quarter ended November 1, 1997, same store sales were flat. Total sales were $23,026,000 compared to $24,017,000 for the four week period ended November 2, 1996. For the thirty-nine week period, same store sales declined 1%, while total sales declined 2% to $207,316,000 compared to $212,101,000 for last year.
Robert S. Jackson, interim President and Chief Executive Officer, stated that while October sales were somewhat lower than anticipated, he was encouraged that, for the quarter, the Company was able to significantly improve margins.
The Bombay Company, Inc. is a specialty retailer marketing lifestyle furniture, prints and accessories through a network of 420 Bombay Company stores in the United States and Canada.
SOURCE Bombay Company, Inc. <<
11/06/97 08:29 EST prnewswire.com
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