Stage Stores Reports 1.8% Increase In Comparable Store Sales

Stage Stores Inc

reported a rise of 4.8% in its total sales for the five week September period ended October 2, 2010. The company's sales for the same period came in at $118 million, up from $113 million in the year-ago period. The company's comparable store sales rose 1.8% y/y. SSI has planned to open 2 extra Goody's stores in the month of October. Andy Hall, SSI's President and Chief Executive Officer said, “We are pleased with our start to the fall season. September represents the fifth month of sequentially improving comparable store sales. Our Texas and Louisiana business continues to improve and generated positive comparable store sales results in September.” SSI shares lost 1.39% to close at $12.81 yesterday. Read more