Bombay Revenue Up 7 Percent, Accessories Sales Grow

Share this content:
The Bombay Company Inc. reported that consolidated revenue increased 7 percent to $96.9 million for the fiscal quarter that ended Nov. 3 compared with $90.9 million for the quarter ended Oct. 28, 2000.

Same-store sales fell 3 percent for the quarter compared with the corresponding period last year. The net loss for the period totaled $2.2 million compared with last year's net loss of $1.6 million.

Gross margin for the fiscal quarter amounted to $25.2 million, or 25.9 percent of sales, compared with $25.8 million, or 28.4 percent of sales, in the prior-year period. Selling, general and administrative expenses totaled $28.3 million, or 29.2 percent of sales, compared with $28.3 million, or 31.1 percent of sales, last year.

"While sales in August and early September were off to a good start, we quickly felt the results from the [Sept. 11] terrorist attacks on both our sales and margin performance for the quarter," said Carmie Mehrlander, CEO of the Fort Worth, TX, company. "Customers remain very selective in their purchases, with promotionally priced product becoming the driver for their selections. Big-ticket purchases declined in favor of smaller accessories purchases. Double-digit growth in the accessories area drove the overall increase in sales for the quarter. Furniture sales, which were 50 percent of the business last year, were only 46 percent of the business this year and declined in real dollars compared to last year. Wall decor sales declined slightly and were 15 percent of the mix this year compared to 16 percent last year.

"We launched our Bombay KIDS business on Aug. 27 over the Internet at, and the first mail-order catalog arrived in homes on Sept. 17. The second catalog, which features more holiday-related accessories, arrived in homes in late October. We achieved our sales and margin expectations on the first book in spite of the poor timing."


Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above