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Results for this second quarter for Syms include certain one-time costs, including approximately USD5.7m of acquisition costs for real property leases of 23 stores plus all inventory, equipment and certain other assets of an off-price retail clothing chain Filene's Basement, in an auction under S363 of the Federal Bankruptcy Code.
Same store sales at Syms locations decreased approximately 23% compared to the same period last year due to less store traffic and declines in US economic conditions.
Net sales for the second quarter were up by 29.5% to USD76.4m, versus USD59.0m for the comparable period last year.
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