Deb Shops, Inc. Reports October, Third Quarter and Year-To-Date Sales
November 02 2006 - 7:35AM
PR Newswire (US)
PHILADELPHIA, Nov. 2 /PRNewswire-FirstCall/ -- Deb Shops, Inc.
(NASDAQ:DEBS) today reported that comparable store sales decreased
10.0% in October 2006 as compared to October 2005. Total sales
decreased 7.1% to $24.1 million from $25.9 million in October 2005.
For the quarter ended October 31, 2006, comparable store sales
decreased 4.0% and total sales decreased 0.7% to $82.6 million from
$83.2 million for the prior year quarter. During the nine-month
period ended October 31, 2006, comparable store sales decreased
1.9% while total sales increased 1.2% to $239.2 million from $236.4
million for the prior year period. The Company reports financial
results on the calendar month. Therefore, differences in timing
will occur when comparing Deb Shops' results to those of retailers
reporting on a 4-5-4 calendar. During the month of October 2006,
there were four Saturdays compared to five Saturdays in October
2005. For the remainder of fiscal year 2007, Deb Shops, Inc. will
report monthly sales according to the following calendar: Month End
Reporting Date November 2006 December 5, 2006* December 2006
January 4, 2007 January 2007 February 2, 2007* *Denotes dates that
differ from reporting dates under the 4-5-4 calendar. Deb Shops,
Inc. is a national specialty retailer of fashionable apparel, shoes
and accessories for juniors in both regular and plus sizes. The
Company operates 337 specialty apparel stores in 42 states under
the DEB and Tops 'N Bottoms names. DATASOURCE: Deb Shops, Inc.
CONTACT: Barry Susson, Chief Financial Officer, Deb Shops, Inc.,
+1-215-676-6000 x362; or Brendon Frey, Integrated Corporate
Relations, +1-203-682-8200, for Deb Shops, Inc. Web site:
http://www.debshops.com/
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