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ge unit retail. And we believe we'll be in a position to achieve this objective as we move into the second half of the year.With that, I would like to turn the call over to Maggie to review our financials and outlook in more
cheap Michael Kors Gia Embossed Large White Satchels detail.Thanks, Jay. Beginning with the income statement, first quarter net sales totaled $53.5 million, a decrease of 4.5% from $56 million in the first quarter of last year. Comparable store sales decreased 1.5%, following an increase of 9.4% in the prior year period.Our comparable store sales decrease was driven by 9.1% decline in average dollars per transaction, which was partially offset by an 8.4% cheap Michael Kors Grayson Medium White Satchels increase in transactions, as compared to the prior year period. Gross cheap Michael Kors Bowling Pebble Large White Satchels profit decreased $16.4 million or 30.6% from $22.2 million or 30.9% of net sales in the first quarter last year. The decline in gross profit margin was primarily driven by higher markdowns as compared to the prior
cheap Michael Kors Bedford cheap Michael Kors Fur Cony Hair Large Brown Satchels Bowling Medium Red Satchels year.Turning to expenses. In total, operating expenses were $24.7 million or 46.1% of net sales compared to $24.2 million or 43.3% of net sales in the first quarter of last year. Breaking this down further, store operating expenses decreased $839,000 or 4.3% to $18.5 million or 34.6% of net sales from $19.3 million or 34.5% of net sales in last year's first quarter. This increase wa
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