maurices experienced a comparable sales increase of 7-percent and saw solid gains in margin, operating income and EBIDTA in the first quarter ending November 2.
“Our traffic and customer base continues to grow, and we have exceptional talent who executed well throughout the quarter,” said maurices president and CEO George Goldfarb. “We are pleased with our momentum and first quarter performance which speaks to the strength of our brand, our strategic initiatives and our loyal customers.”
Goldfarb attributed the strong results to hitting key new fashion trends, greater size availability, competitive pricing and exceptional shopping experiences — both in stores and online.
“Our traffic and customer base continues to grow, and we have exceptional talent who executed well throughout the quarter,” Goldfarb said. “In addition to impressive results, we remain connected to our communities and have continued to build our talent base. I’m excited that not only are we promoting from within, we are also bringing new talent and capabilities into the organization. We appreciate the partnership of our new ownership, OpCapita, and they remain committed to our growth.”