Loks ok, expect: Why did the franchaise store sales decrease?
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: MARK'S WORK WEARHOUSE LTD.
TSE SYMBOL: MWW
APRIL 9, 1997
Mark's Work Wearhouse Ltd.-Same Store Sales Up 5 Percent
for Corporate Stores
CALGARY, ALBERTA--Mark's Work Wearhouse Ltd. announced today sales
during March totaled $24.8 million, an increase of $6.7 million or
36.7 percent over the same month last year. As of March 29, sales
for the year totaled $42.2 million, an increase of 41.1 percent
over the same nine weeks last year. The increase includes sales
by Work World franchise stores, which Mark's acquired effective
December 1, 1996.
/T/
MONTH OF MARCH
(5 Weeks Ended March 29, 1997)
($ in Millions)
Current Last Change(1)(2)
Year Year(1)
$ $ $ Percent
-------------------------------
Mark's Work Wearhouse
Corporate Stores 15.0 14.2 0.8 5.5
Mark's Work Wearhouse
Franchise Stores 3.9 3.9 (0.0) (0.7)
Work World Franchise
Stores (Note 1) 5.9 -- 5.9 --
Total Store Sales 24.8 18.1 6.7 36.7
YEAR TO DATE
(9 Weeks Ended March 29,1997)
($ in Millions)
Current Last Change(1)(2)
Year Year(1)
$ $ $ Percent
---------------------------------
Mark's Work Wearhouse
Corporate Stores 25.2 23.3 1.9 8.2
Mark's Work Wearhouse
Franchise Stores 6.4 6.7 (0.3) (3.5)
Work World Franchise
Stores (Note 1) 10.6 -- 10.6 --
Total Store Sales 42.2 30.0 12.2 41.1
COMPARABLE STORE SALES increase: (Note 1)
March Year to Date
percent percent
------------------------
Mark's Work Wearhouse Corporate Stores 4.7 6.7
Mark's Work Wearhouse Franchise Stores 3.7 3.4
(1) Effective December 1st, 1996, Mark's Work Wearhouse acquired
Work World Enterprises Inc.
(2) Percentage calculation based on unrounded numbers.
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