Asked how much "lift" resulted from remodeled units, he saidthat on average, sales increased 15% at those stores. One reasonwhy is the expansion of accessories, including jewelry andfootwear, he said.

Meanwhile, comp store sales rose 1.5% chain-wide for the companyin its first fiscal quarter of 2007, which included the holidayseason. This compares with a 16.3% comp store increase in the samequarter a year ago, and Hoffman projected low single-digitcomp-store gains in this year's second quarter.

The best performing first-quarter categories were dresses, woventops, the company's "refuge" denim collections and its "Blue Chic"intimate apparel brand, especially in sleepwear. Knit sweaters werea lagging sales category for the chain.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.