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女装零售商Christopher & Banks修正对第三季度的预期

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Women’s retailer Christopher & Banks revises FYQ3 outlook


Led by many factors, which include sales being negatively impacted by low mall traffic and lower than expected sales from its September fashion show, NYSE-listed US retailer Christopher & Banks Corporation revised its outlook for the third fiscal quarter of 2014.

The new guidance from the specialty women's apparel retailer now forecasts total net sales to be in the range of $114 million to $118 million, as compared to its prior guidance of between $122 million to $124 million and $118.1 million of net sales it reported in last year's third quarter.

Among other reasons and based on sales trends to date for the third fiscal quarter, Christopher & Banks also blamed late receipts of goods associated with the West Coast port disruption.

The women’s retailer has also downwardly revised gross margin improvement to around 75 to 100 bps, when compared to the comparable prior year period and its prior guidance of 75 to 125 bps.

It also expects SG&A expense to be between $33.5 million and $34.0 million against the prior guidance of $34.0 million to $34.5 million and the $33.2 million of SG&A expense reported in the third quarter last year.

The retailer also said that consistent with its prior guidance, its inventory at the end of the quarter will remain higher than the comparable prior year period, which is a result of planned higher levels of core inventory, but will be at a level lower than at the end of the second quarter.

CEO LuAnn Via said, "We have seen recent improvements in the sell-through of fashion merchandise and continued strong margins in our core offerings and we continue to be highly focused on carefully managing inventory and SG&A expenses.

“We remain committed to our key initiatives of enhancing our merchandise assortments and presentation, improving our store environment and customer experience, and increasing our sales per store with our conversions to the MPW format.

“With a number of these initiatives gaining traction, we remain confident that we are on the right path to achieve long-term growth and profitability."
译文如下:

女装零售商Christopher & Banks修正对第三季度的预期

由于诸多因素,包括销售受到购物中心低交易量的负面影响以及低于9月时尚秀的预期销售,在纽交所上市的美国零售商Christopher & Banks公司修改了其对2014年第三季度的预期。
专业女装零售商的新指导预测净销售总额将在1.14亿美元到1.18亿美元的范围内,去年第三季度的指导范围是1.22亿美元到1.24亿美元,净销售额为1.181亿美元。
基于第三财季迄今的销售趋势, Christopher & Banks 认为后期货物收据与美国西海岸港口中断有关。
女装零售商也将毛利率增长修正到75100个基点,上年度同期的指导为75125个基点。
它还预计销售费用在3350万美元到3400万美元之间,而之前的指导为3400万到3450万美元,去年第三季度报告的销售费用为3320万美元。
零售商还表示,如指导的一致,季度末公司库存仍将高于前年度同期的库存,这主要是由于计划的核心库存较高,但将低于第二季度末的水平。
首席执行官LuAnn ,“我们已经看到时尚商品零售最近的改进以及我们核心产品持续强劲的利润并且我们将继续高度专注于精心管理库存和销售费用。
我们仍致力于采取关键举措来提高我们的商品分类和展示,改善我们的存储环境和客户体验,增加我们商店的销售并向MPW格式转换。
“随着这些措施获得牵引力,我们相信我们正在正确的道路上实现长期增长和盈利。
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