|Comparable Store Sales|
|Net Sales||% Change|
|% Change From|
|$ in Millions||Last Year||This Year||Last Year|
For the fiscal month, the Company's e-commerce sales declined 6%. E-commerce sales are not a component of the Company's comparable store sales results.
Ms. McGalla continued, "In our e-commerce businesses, we have reduced promotional levels and plan to rebalance inventories more toward regular price versus clearance items in an effort to drive higher merchandise margins. As we continue to focus on more full-price selling, we expect e-commerce sales may run below last year in the near term."
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: This news release contains forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements include, but are not limited to,
statements that relate to the Company's inventory levels and e-commerce
sales expectations, as well as the intent, belief, plans or expectations
of the Company or its management. All forward-looking statements made by
the Company involve material risks and uncertainties and are subject to
change based on factors beyond the Company's control. Accordingly, the
Company's future performance and financial results may differ materially
from those expressed or implied in any such forward-looking statements.
Such factors include, but are not limited to, those described in the
Company's filings with the
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