Stage Stores, Inc., an operator of department stores, has reported that comparable store sales for January 2013 increased 10.5% when compared to a 0.1% decrease for January 2012.
Total sales for January 2013 were $100 million, compared to $85 million for January 2012.
Michael Glazer, President and CEO, commented, "January put an exclamation point on a fantastic fourth quarter and year, as the month's strong performance helped push comparable store sales for both periods to their highest levels in over 10 years. We achieved solid comparable store sales increases across all of our families of business and in all areas of the country in January. With these strong sales results, as we previously announced, we will meet or exceed the high end of our earnings guidance range for the 2012 fiscal year."
"Our strong finish to the year gives us momentum heading into 2013. That, coupled with the initiatives we have in place to build upon the excitement that we created in 2012 in our merchandising, marketing and stores, makes us optimistic that we can continue to deliver strong sales and earnings growth," Mr Glazer concluded.