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Stage Stores Reports 3.3% Increase In Comparable Store Sales For June

Business Wire

07/05/12 - 06:00 AM EDT

Stage Stores, Inc. (NYSE: SSI) today reported that total sales for the five week June period ended June 30, 2012 increased 5.8% to $141 million from $134 million in the prior year five week period ended July 2, 2011. Comparable store sales for the month increased 3.3%.

The Company noted that the comparable store sales increase for June was broad based, with cosmetics, footwear, home & gifts and men’s categories exceeding the Company average. Geographically, the Northeast, South Central, which includes Texas, and Southwest regions outperformed.

 

SALES SUMMARY

 
     

Comparable Store Sales

     

Total Sales

 

% Increase (Decrease) ($ in Millions)

Fiscal Period

2012

     

2011

2012

     

2011

1 st Quarter 2.5 0.2 366 347
May 8.0 0.0 130 117
June 3.3 1.8 141 134
2 nd Qtr-to-Date 5.5 0.9 271 251
Year-To-Date (5 Mos) 3.8 0.5 637 598
 

Michael Glazer, President and Chief Executive Officer, commented, “We are pleased with our 3.3% comparable store sales increase for June. Desirable merchandise selections and successful sales events contributed to our solid performance for the month.”

Store Activity

The Company also reported today that it opened new Steele’s stores in Pampa, TX, Sulphur Springs, TX and Leesville, LA during June.

About Stage Stores

Stage Stores, Inc. operates primarily in small and mid-sized towns and communities. Its stores, which operate under the Bealls, Goody’s, Palais Royal, Peebles, Stage and Steele’s names, offer moderately priced, nationally recognized brand name apparel, accessories, cosmetics and footwear for the entire family. The Company operates 832 stores in 40 states. The Company also has an eCommerce website. For more information about Stage Stores, visit the Company’s web site at www.stagestoresinc.com.


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