bebe stores (BEBE) Comps Fall 8.7% in September Quarter
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bebe stores, inc. (Nasdaq: BEBE) today reported retail sales of $105.1 million for the first fiscal quarter ended September 29, 2012, a decrease of 9.4% compared to $116.0 million for the fiscal quarter ended October 1, 2011.
Comparable store sales for the fiscal quarter ended September 29, 2012 decreased 8.7% compared to an increase of 7.0% in the prior year.
As of September 29, 2012, average finished goods inventory per square foot increased 12.5% given the increase in Average Unit Cost for elevated product offerings, investment in wear-to-work and the increase in inventory resulting from our localization strategy, compared to a 1 percent increase in the first quarter of fiscal 2012.
Comparable store sales for the fiscal quarter ended September 29, 2012 decreased 8.7% compared to an increase of 7.0% in the prior year.
As of September 29, 2012, average finished goods inventory per square foot increased 12.5% given the increase in Average Unit Cost for elevated product offerings, investment in wear-to-work and the increase in inventory resulting from our localization strategy, compared to a 1 percent increase in the first quarter of fiscal 2012.
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