Bombay Continues Strong Same Store Sales With a 17% Increase for November

Furniture World Magazine

The Bombay Company, Inc. reported that same store sales for stores open more than one year increased 17% for the four-week period ended November 30, 2002 compared to the four weeks ended December 1, 2001. Total revenue increased 22% to $56.8 million compared to $46.7 million for the corresponding period of the prior year. Revenue from non-store activity, including Bailey Street Trading Company, International, Mail Order and Internet, amounted to 6% of total revenue for the period compared to 5% for the prior year. Total revenue for the forty-three week period ended November 30, 2002 increased 9% to $361.5 million compared to $331.7 million for the forty-three week period ended December 1, 2001. Same store sales were flat for the year-to-date period. Revenue from non-store activity amounted to 7% of total revenue for the period compared to 4% for the prior year. The Company noted that strong positive sales trends continued through the month of November with double-digit growth in all categories and in all regions of the country and Canada. The Bombay Company, Inc. designs, sources and markets a unique line of home accessories, wall decor and furniture through 433 retail outlets, specialty catalogs and the Internet in the U.S. and internationally.