Mothers Work same-store sales rise in August

Recs

0

Panic 2008... Profit 2009!

Fool -- Now's the time to invest! David and Tom Gardner's new book reveals their strategy for million dollar wealth.

Maternity apparel retailer Mothers Work Inc. said Thursday its same-store sales jumped 7.2 percent in August, helped by the inclusion of more weekend days in the month.

Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly-opened ones.

Mothers Work said the rise in same-store sales was partly due to having five Saturdays and five Sundays this year, compared to four Saturdays and four Sundays in August of 2007. An earlier Labor Day also helped, the company said.

Total sales fell 5 percent to $44.8 million from $47.1 million. Mothers Work said the decline was due to lower sales from its licensed relationship and lower Sears leased department sales since the company is closing its leased departments in Sears stores.

The company said its gross margin in the month was lower than planned due to strong sales of marked down spring and summer merchandise.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 720201, ~/articles/articlehandler.aspx, 1/7/2009 10:10:47 PM

Sign up for FREE Motley Fool site access to keep reading:

“Mothers Work same-store sales rise in August”

Signing up allows you to comment on articles and on the discussion boards.

It's completely FREE and will take only 10 seconds.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

What Fools Are Saying

Most Recent

Most Recommended

Jan 7 at 4:08 PM

Market Summary

DJIA 8,769.70 -245.40 -2.72%
S&P 500 906.65 -28.05 -3.00%
NASD 1,599.06 -53.32 -3.23%
Sponsored by:

Related Tickers

MOTHERS WORK, INC.

CAPS Rating 2/5 Stars

$8.44

+0.00 (+0.00%)

Outperform53

Underperform14

Rate This Stock