Financial Reports: Bluefly, Design Within Reach, Golfsmith, Systemax, Talbots May 12, 2008 9:19 AM
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Bluefly, an online merchant of discounted designer apparel and decor,
posted a 14% leap in first-quarter revenue, to $25.2 million from $22.1 million
in 2007. But the company’s net loss was $2.9 million, though less than the $3.1
million loss for the first quarter in 2007. CEO Melissa Payner said in a
release she was “encouraged” by the results, given the “softness” of the
overall retail environment.
Direct Sales Down for Design Within
Reach First-quarter sales at modern furniture cataloger/retailer Design Within
Reach grew 7%, to $46.9 million, compared to $43.8 million after the first
quarter in 2007. For the three-month period ended March 29, direct sales
slipped 3.6%, to $10.6 million compared with $11.0 million last year. Net loss
for the quarter was $600,000, a significant improvement compared to last year’s
$3.8 million net loss.
Direct Sales Slide At Golfsmith
First-quarter sales for Golfsmith International Holdings increased 2%, to $79.2
million up from $77.7 million in the first quarter of fiscal 2007. For the
period ended March 29, net loss grew to $5.4 million, compared to last year’s
net loss of $4.9 million for the same period. Golfsmith's direct sales fell
11.4%.
Record First-Quarter Sales for Systemax First-quarter sales for computer manufacturer/marketer Systemax rose 7.2%,
to a record $725 million, compared to $676 million in the same period last
year. What's more, the company's net income jumped 30%, to $18.1 million, up
from $13.9 million.
Slight Rise in Direct Sales for Talbots First-quarter sales at Talbots slipped 5.6%, to $542 million, compared to $574
million last year. For the period ended May 3, direct sales increased 2%, to
$108 million, up from $106 million. Same-store sales declined 9.8% for the
apparel cataloger/retailer.
Talbots CEO Trudy Sullivan said in a release: “Although our total company sales
were softer than we had anticipated, we are pleased by our ability to achieve
significantly improved merchandise gross margin, as it reflects progress in the
implementation of one of our important strategic initiatives.” She added: “We
are on the right track to achieve our growth and profit objectives while
ensuring the true heritage of our brands.”
