The Buckle sees comps rise 3.6% in May, announces resignation of general counsel

Kearney, Nebraska-based apparel retailer, The Buckle, Inc., best known for its wide denim selection, has reported modest growth in net and comparable sales for May 2018, and announced the resignation of VP and general counsel Kyle L. Hanson.


Buckle's comps increased 3.6% in May 2018 - Instagram: @buckle
 
Net sales for the month were up 1.2% to $62.2 million, compared to $61.5 million in May 2017, while comparative sales increased 3.6%.
 
Year-to-date, however, comparable store net sales for the 17-week period ended June 2, 2018, fell 1.6%, while net sales for the period slipped 2.4% to $267.1 million, compared to the net sales of $273.7 million reported in the 17-week period ended May 27, 2017.
 
These decreases show the effects of Buckle’s most recent quarterly results as, at the end of last month, the company announced that net sales had fallen 3.5% to $204.9 million in the first quarter of fiscal 2018, while comparative same store sales decreased 3.1%. Net income, however, rose 12.3% in the period, totalling $18.3 million.
 
On Thursday, the company also reported the resignation of Kyle L. Hanson from her roles as vice president, general counsel and corporate secretary in order to pursue another opportunity.

Hanson has been with Buckle for two decades, having taken up her position as general counsel in May 1998, before also becoming corporate secretary in May 2001 and vice president in March 2014.
 
“We would like to thank Kyle for her 20 years of commitment and dedication to Buckle and wish her all the best in her future endeavors,” said Buckle President and CEO Dennis H. Nelson in a release.
 
Hanson’s resignation is effective June 16, 2018.

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