Chico's Reports Net Sales Increase; Restoration Hardware Posts Net Loss

Share this article:
Restoration Hardware Inc.'s direct-to-consumer sales jumped 50 percent during the first quarter ended April 30, the Corte Madera, CA-based multichannel retailer of products for the home reported yesterday.


However, Restoration Hardware generated a net loss of $3.1 million in the first quarter compared to a net loss of $3.9 million last year.


Also, the company said net revenue totaled $117.5 million in the first quarter, a 19 percent gain over the previous year. Same-store sales rose 5 percent during the period.


The company also announced yesterday that it is exploring the launch of a new brand that will be tested with a catalog in the fall of 2006 or the spring of 2007.


Also reporting first-quarter results yesterday was Chico's FAS Inc., which said its net sales rose 27.4 percent during the 13-week period ended April 30, totaling $327 million.


The Fort Myers, FL-based multichannel apparel retailer's same-store performance increased 10.8 percent during the quarter.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Pet World's Multichannel Marketing Is a Whole Other Animal

Pet World's Multichannel Marketing Is a Whole Other ...

The family owned pet store redesigns its website to bring the in-store experience online.

Complexity's What Marketers Got, Simplicity's What They Want

Complexity's What Marketers Got, Simplicity's What They Want

Customer insights managers want campaign management tools to remain easy to use, even as they up their games with multi-layered campaigns.

Wine.com Uncorks New Digital Marketing Opportunities

Wine.com Uncorks New Digital Marketing Opportunities

The online wine retailer's strategy incorporates different flavors and depths.