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Dress Barn Banks Q3 Success on Dresses

SUFFREN, NY-A 14%-hike in May sales followed a 15%-rise in third-quarter earnings. Maurices moves from men's to women's plus sizes.

By Marita Thomas | Updated on May 31, 2007

SUFFERN, NY-Dresses were the heroines of Dress Barn Inc.’s third fiscal quarter, and they continued to buoy sales in May. Both dressbarn and maurices stores “showed sales strength across a variety of merchandise categories during the period, with dress selling particularly strong and enjoying one of the most successful seasons to date,” said David Jaffe, president and CEO, during a conference call.

Net sales for the locally based apparel retailer reached $347.9 million for the quarter ended April 28, up 6% in comparison with the same quarter a year ago. At $23.1 million, net earnings registered a 15%-increase over the prior-year quarter. And comp-store sales were up 2% this third quarter, which came on top of a 7% comp-store increase in third quarter 2006.

The third quarter was followed by success in May. Jaffe said sales for the month are 14% above May 2006 sales. “We are particularly pleased with the strong sales momentum shown through May,” he said, noting the rise is better than expected.

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