USA: Deb Shops Profit Plunges On Soft Sales
Teen apparel chain Deb Shops Inc on Thursday posted a sharp plunge in first quarter net profit to $300,000 from $3.3 million in the year-ago period. The Philadelphia-based operator of 331 stores said in a statement net sales fell nine per cent to $70.2m from $77m last year. The retailer continues to expect fiscal 2004 sales to be flat versus fiscal 2003 based on a projected mid-single digit same-store sales decrease offset by net new store growth.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
- Traditional financing is a misfit for fast fashion
- Planning is key to an effective inventory strategy
- US apparel retailers' November 2016 sales roundup
- Why do modern robotics elude sportswear makers?
- Software for financial planning and operations
- US Q3 in brief – Genesco, G-III Apparel, Express
- Esquel efficiency drive continues to boost brands
- Film documents Cambodia garment workers' stories
- Columbia waterproof jacket first made without PFCs
- Pakistan suspends India cotton imports
- Outdoor performance apparel 2016: A broader perspective
- Footwear Top 5 Emerging Markets Industry Guide_2016
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack