BRISBANE, Calif. (AFX) - Women's clothing retailer Bebe Stores Inc. said Thursday that same-store sales increased 1.6 percent in May.
Same-store sales, or sales at stores open at least a year, are a widely watched retail industry performance gauge
Analysts surveyed by Thomson Financial expected, on average, same-store sales to increase 0.3 percent.
The company reported total retail sales for the four weeks ended May 27 of $49.1 million, up 9.4 percent compared to the same period last year.
Year to date, same-store sales increased 6.4 percent while total retail sales rose 14.5 percent to $521.3 million.
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