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Article Date: March 2017
Word Count: 456

Tilly’s Sees Q1 Headwinds after Strong Finish in Q4


Net income more that doubled to $6,304,000 from $2,884,000 at the teen retailer in the final quarter ended Jan. 30, benefitting from a lower tax rate and SG&A savings as sales inched up 1% to $160,215,000 from $159,086,000. Comps including e-commerce increased 0.1% against a 0.9% increase in Q4 last year, with store comps down 1.0% on lower traffic. E-commerce sales grew 6.6% to 16.5% of sales ($26.4 million) in Q4. Strong sales Thanksgiving week and in the final six weeks of the quarter offset poor results otherwise, led by positive growth in men’s and boys’ that more that made ... Log in to view full article.

 


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