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CPI Corp. (NYSE:CPY) recently reported results for the fiscal 2011 second quarter ended July 23, 2011. Fiscal 2011 second-quarter sales declined 7% to $70.9 million from $76.4 million in the prior-year second quarter. Second-quarter PictureMe Portrait Studio® brand comparable store sales, described herein, decreased 16% versus the same period last year. Second-quarter Sears Portrait Studio brand comparable store sales, described herein, decreased 18% versus the same period last year. Second-quarter Kiddie Kandids sales increased 58% versus the same period last year. Bella Pictures® operations contributed $1.2 million in net sales in the second quarter of 2011.
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