Business Services Industry
The Dress Barn, Inc. Reports March Sales Results
Business Wire, April 6, 2005
SUFFERN, N.Y. -- The Dress Barn, Inc. (NASDAQ - DBRN), a leading national specialty apparel retailer offering quality career and casual fashion apparel at value prices, today reported its fiscal March sales results.
Total sales for the five-week fiscal period ended April 2, 2005 increased 64% to $119.8 million compared to $73.0 million reported for comparable fiscal period ended March 27, 2004. March's monthly sales include sales for Maurices Incorporated ("Maurices"), which was acquired January 2, 2005. Same-store sales for The Dress Barn, Inc. (the "Company") increased 7% for the fiscal monthly period, and include same-store sales for Maurices in both years.
Same-store sales for the Company's fiscal month ended April 2, 2005
were as follows:
Fiscal
Five-Week Period
Ended
April 2, 2005
Dress Barn +10%
Maurices 0%
Total Company Same-Store Sales + 7%
As a result of the Company's fiscal year ended July 31, 2004 which contained a 53rd week, year over year sales comparisons are shifted one week later for reporting purposes during the current year. The fiscal March sales reporting calendar followed by many retailers compares the five-week period ended April 2, 2005 to the five-week reporting period ended April 3, 2004. On this reporting basis the Company's March same-store sales increased 2%. In addition, it should be noted that this year the Company's March sales reporting calendar included the week of Easter, which was included in April's results last year. Therefore, March and April sales results should be combined for a more meaningful comparison.
As of April 2, 2005, the Company operated 785 Dress Barn stores in 45 states and 474 Maurices stores in 39 states. Please visit www.dressbarn.com and www.maurices.com for more information about our Company.
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