Bernard made the announcement during the company's first earnings conference call. The direct marketing and retail company that targets consumers between the ages of 12 and 19 opened 11 new stores within the past 12 months, bringing its total store base to 62. Eight of the new stores boast the new format, which is expected to achieve increased sales per-sf of $400.
The earnings conference call covered the company's third quarter 2005 performance. During the quarter, the company achieved a revenue gain of 23.6% to $60.3 million compared to $48.8 million for the same period in 2004. Two-thirds of the company's revenue comes from catalog sales, while the remaining one-third is derived from retail stores, Bernard said during the call.
During the quarter, retail stores revenues increased 18.1% $20.5 million from $17.4 million for the same period in 2004. The increase in retail store revenue was primarily due to the higher number of retail stores that were open during the quarter. In addition, comparable retail-store sales increased by 5.5% during the same quarterly period.
The company achieved total growth profit for the quarter of $25.2 million, compared to $18.7 million for the same period last year. Retail store gross profit increased 32.1% to $6.6 million compared with $5 million for the third quarter 2004.
delia's Inc. was formerly was an indirect, wholly-owned subsidiary of Alloy Inc. In May 2005, Alloy announced that its board of directors had approved the spinoff all of the outstanding common stock of delia's Inc. The Spinoff was completed as of Dec. 19.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.