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Non-Tech : Loehmanns (LOEH)
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To: Steve Hudson who wrote (26)11/18/1998 2:25:00 PM
From: Jim Mac  Read Replies (1) of 69
 
Hey Steve,

My estimate is based on a very crude method. Won't be surprised if I'm wrong.

Last year, same store sales were down 6.8%. In 98Q1, they were down 3.9% on lower sales, but Q2 had total sales higher by almost 2% and same store sales up 2.9%, both quarters having 10% fewer stores than year before Q's. Hopefully Q2 was not an anomoly, but a trend. I hope the 7 percentage point jump in same store sales Q to Q means more people are shopping at the men's depts, and word of mouth is spreading. If so, could it be possible that Q3 will be 10% same store sales growth thanks to men's depts and gifts?

I've been so wrong before, but still hopin'!

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