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PETM » Topics » New stores may place increasing demands on management and operating systems, may erode sales at existing stores and comparable store sales growth may decrease as stores grow older.This excerpt taken from the PETM 10-K filed Apr 10, 2006. New
stores may place increasing demands on management and operating
systems, may erode sales at existing stores and comparable store
sales growth may decrease as stores grow older.
We currently operate stores in most of the major market areas of
the United States and Canada. Our plans for fiscal 2006 include
opening approximately 90 net new stores, primarily in
existing multi-store markets. The increased demands placed on
management by opening new stores could result in operational
inefficiencies and less effective management of the business and
associates, which could in turn adversely affect our financial
performance. Opening new stores may attract some customers away
from other stores already operated by us in those markets and
diminish their sales.
Our comparable store sales increases were 4.2% and 6.3% for
fiscal 2005 and 2004, respectively. As a result of new store
openings in existing markets, and because older stores will
represent an increasing proportion of our store base over time,
our comparable store sales increases may be lower or sales could
decrease in future periods.
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