Wet Seal April sales figures slides
20.05.12
Revenue at stores open at least a year is a key gauge of a retailer's health, because it measure growth at ongoing locations while excluding results from stores recently opened or closed. 7 percent and total sales fell 5 percent to $147. 6 percent in April, a bigger drop than analysts expected, hurt by lower demand for tops and jewelry. In the fiscal first-quarter, revenue in stores open at least one year fell 7. The retailer's revenue in stores open at least one year fell 9. Dresses, shoes, jeans and other bottoms performed well, but tops and jewelry were weaker at Wet Seal Stores. said Thursday a key revenue figure slide 9. For the four weeks ended April 28, total revenue fell nearly 8 percent to $42. Analysts, on average, expected first-quarter revenue of $149. Analysts polled by Thomson Reuters expected a 9 percent drop.
Source: BusinessWeek