The Buckle, Inc.
) witnessed a 2.1% rise in comps when compared with Jul 2012
results. Net sales increased 16.7% to $77.2 million from $66.2
million in the prior-year period. For the second quarter ended
Aug 3, 2013, Buckle witnessed a 3.2% rise in comps, while net
sales increased 7.9% to $232.5 million from $215.5 million in the
On the whole, July sales were soft for most retailers as weak
traffic played spoilsport. Discount store operator,
), witnessed a 2.5% rise in comps, while the clothing chain,
The Gap, Inc
), witnessed a 1% increase. However, specialty retailer,
The Cato Corporation
), witnessed a 5% decline in comps.
Going forward, with high inventory levels for the key
back-to-school season, retailers will have to spend more on
promotions and come up with value pricing to make the most of the
second-best shopping season after the winter holidays. However,
discounts and hot deals could eat away margins.
Coming back to Buckle, it witnessed an increase of 14% in
total sales in the men's category, which comprised roughly 41% of
Jul 2013 sales. The rise reflected strong sales of denim,
accessories, knit shirts and active apparel.
Women's category, which represents 59% of total sales for Jul
2013, marked an increase of 17% when compared with Jul 2012. The
category witnessed increased sales in footwear, woven tops,
active apparel and dresses.
On a combined basis, accessory sales declined approximately
4%, while footwear sales rose about 5.5% during the period under
The company opened 8 new stores during the month and operates
through 452 retail stores across 43 states. Headquartered in
Kearney, Neb., shares of Buckle currently carry a Zacks Rank #3
BUCKLE INC (BKE): Free Stock Analysis Report
CATO CORP A (CATO): Get Free Report
FREDS INC (FRED): Free Stock Analysis Report
GAP INC (GPS): Free Stock Analysis Report
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