The Bombay Company, Inc. Announces 26% February Same Store Sales Increase

Furniture World Magazine

The Bombay Company, Inc. (NYSE:BBA) reported that same store sales for stores open more than one year increased 26% for the four-week period ended March 1, 2003. Total revenue increased 34% to $34.1 million compared to $25.4 million for the four-week period ended March 2, 2002. Revenue from non-store activity, including Bailey Street Trading Company, International, Mail Order and Internet, amounted to 7% of total revenue for the period compared to 4% for the same period last year. The month was favorably impacted by strong flow of product, better inventory position, particularly in furniture, and improved marketing during the month compared to last February when same store sales were down 15%. The strongest increases occurred in the furniture category with wall decor and accessories also experiencing double-digit sales growth. All regions of the United States and Canada experienced strong double-digit same store sales increases with the Northeast showing increases in the low teens as a result of the severe weather. The Bombay Company, Inc. designs, sources and markets a unique line of home accessories, wall decor and furniture through 422 retail outlets, specialty catalogs and the internet in the U.S. and internationally.