Tilly’s Inc. (NYSE: TLYS) came out of the holidays on firm footing with net sales up from the year-ago period.
The Irvine men, women and kids retailer said Monday its net sales for the nine weeks through Jan. 2 rose 3.3% from a year earlier to $148.7 million.
Comparable sales, when factoring in both the brick-and-mortar channel and online, were up 2.7%, versus a 2% decline in the year-ago period. The 2020 performance was led by increases in men’s, women’s and footwear product. Categories challenged during the period were accessories, boys and girls.
The physical store channel alone continued to be impacted by COVID-19 restrictions with same-store sales of the brick-and-mortar fleet down 12.4% during holiday 2020, versus down 2.7% in the year-ago period.
Online sales increased its makeup of the retailer’s overall sales. E-commerce was up 65.2% during the holiday selling period, versus the 1% increase reported a year earlier.
Tilly’s shares were up 2.8% in midday trading Monday to $9.51 and a market capitalization of $283.5 million.
