Mothers Work (MWRK) Reports August Same-Store Sales
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Mothers Work, Inc. (Nasdaq: MWRK) announced that net sales for the month of August 2008 decreased 5.0% to $44.8 million from $47.1 million reported for the month of August 2007, and announced that its comparable store sales increased 7.2% for the month of August 2008.
The decrease in sales versus last year resulted primarily from decreased sales from the Company's licensed relationship and a decrease in Sears (Nasdaq: SHLD) leased department sales.
The Company's comparable store sales for August 2008 increased 7.2% (based on 971 locations) versus a comparable store sales decrease of 3.7% (based on 1,384 locations) for August 2007. The comparable store sales increase of 7.2% for August 2008 was favorably impacted by approximately 4 percentage points due to having five Saturdays and five Sundays in August 2008 compared to four Saturdays and four Sundays in August 2007 and due to the earlier timing of Labor Day compared to last year.[SM]
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