), the leading retailer of casual apparels, footwear and
accessories for men and women, came up with soft comparable-store
sales (comps) results for the five-week period ended Feb 2,
The company witnessed a 2% decline in comps when compared with
Jan 2012 results. However, net sales increased 30.7% to $78.8
million from $60.3 million in the comparable prior-year
In terms of performance, January was strong on the whole for
most retailers, with other major players including
) registering comps growth of over 10%.
Buckle witnessed an increase of 35% in total sales in the
men's category, which represented approximately 40.5% of the
sales for January. The rise reflected strong sales of denim,
accessories, woven shirts, and outerwear.
Women's category, which represented 59.5% of total sales for
January, marked an increase of 27.5% in total sales when compared
with Jan 2012. The company witnessed increased sales in active
apparel, woven tops, accessories and footwear.
On a combined basis, accessories sales increased approximately
44%, while footwear sales jumped about 24.5% during the period
The company stated that comps remained flat for the
fourth-quarter of fiscal 2012, while net sales rose 7% year over
year to $360.6 million. Buckle witnessed a 2.1% increase in comps
for fiscal 2012, while net sales increased 5.7% year over year to
Headquartered in Kearney, Neb., Buckle ended the month of
January with 440 retail stores across 43 states. Currently,
shares of Buckle retain a Zacks Rank #3 (Hold).
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