Losses in the three months to 29 May were $0.8 million or $0.06 per share, compared to a loss of $2.0 million or $0.14 per share a year earlier. Net sales jumped 142% to $121.4 million , from $50.3 million last year. Filene’s contributed $74.4 million of the sales increase, the company said. Comparable store sales at the Syms stores rose 4.5%, as shoppers made fewer, but bigger, transactions.
The Company operates 49 off-price apparel stores located predominantly on the East Coast.