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The Body Shop U.S. retail sales up 26.8% to $144.8 mil. in FY 1995.

This article was originally published in The Rose Sheet

Executive Summary

THE BODY SHOP REDUCING NUMBER OF U.S. STORE OPENINGS IN FY 1996 to 40 compared to 65 new stores opened in FY 1995 (ended Feb. 25), the company said in a May 2 report of unaudited operating results for the 1995 fiscal year. Noting that the U.S. business has grown from one store in 1988 to its current 247 stores, the company said the expansion "has stretched our resources in terms of servicing our existing U.S. stores," and contributed to an 8% decline in comparable store sales for the year. The U.S. business "needs a period of consolidation and retail focus," the company explained.
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