The Bombay Company Inc. (Fort Worth, Texas) reported a 2 percent decrease in revenue for the four-week period ended Feb. 26, 2005. Same-stores sales declined 6.5 percent, which, the retailer said, was partially offset by growth from new stores.
Regional same-store sales varied from low double-digit declines to a low single-digit increase in Canada. Core off-mall stores continued to outperform mall-based stores.
“We believe that we are continuing to experience the softness in consumer demand that we saw during the second half of fiscal 2004,” said chairman and ceo James Carreker. “Business improved as the month continued as we introduced more new product in the stores and had an improved inventory mix versus the prior year. We are encouraged by our improving sales trends in furniture, which helped drive a higher average transaction during the period. Marketing and promotional activity will increase as the quarter progresses.”