After recording declining comps for two consecutive months,
) posted strong same-store sales as well as total sales for the
four-week period ended August 25, 2012. The increase in comps and
net sales were witnessed mainly due to rises in both women's and
This leading retailer of casual apparels, footwear and
accessories for both sexes, stated that the total sales of $100.8
million for the month of August 2012, jumped 5.7% from $95.3
million in the comparable prior-year period. Same-store sales
increased 4.5% year over year for the month.
Buckle witnessed an increase of roughly 5.7% in both men's and
women's side business, which accounted for roughly 38% and 62% of
total sales, respectively, for the month.
Moreover, Buckle performed far better than its peers. One of its
) reported an increase of only 2.0% in total sales whereas its
same-store sales remained flat during the reported month.
For Buckle, its denim, woven tops, casual bottoms, active
apparel, accessories and footwear categories performed well.
Accessory sales in both men's and women's categories increased
roughly by 10.0% year over year, while footwear business climbed
For the 30-weeks period ended August 25, 2012, Buckle's sales
grew 5.9% to $580.0 million from $547.8 million in the same period
last year. Year-to-date, the company's same-store sales also
increased 3.8% over the prior-year period.
Headquartered in Kearney, Nebraska, Buckle ended the month of
August with 439 retail stores in 43 states compared with 428 stores
in 42 states as of August 30, 2011. Buckle, which mainly caters to
older teens and young adults, currently retains a Zacks #3 Rank
that translates into a short-term Hold rating.
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