The Bombay Company, Inc. Announces December Sales Increase

Furniture World Magazine

The Bombay Company, Inc. (NYSE: BBA) reported that total sales for the five week period ended January 1, 2000 increased 7% to $75.7 million compared to $71.0 million for the corresponding period of the prior year. Same store sales for stores in existence for more than one year increased 3%. For the fiscal year-to-date period, total sales increased 9% to $366.0 million compared to $334.8 million last year. Same store sales increased 4% for the forty-eight week period ended January 1, 2000. Robert S. Jackson, Chief Executive Officer, stated, "Our strategy to emphasize gifts and accessories drove double digit sales growth in these areas and a 21% increase in the transaction count. We were also very pleased with holiday results from our Internet site which featured an expanded SKU count this year. This strong performance was somewhat offset by continued softness in furniture sales resulting in overall total sales growth of 7%." The Bombay Company, Inc. is a specialty retailer marketing classic and traditional furniture, prints and accessories through a network of 422 Bombay stores and its mail order operations in the United States and Canada as well as over the Internet at http://www.bombayco.com.