Ames August Sales Increased 12.8 %
Business Wire - August 31, 2000 08:49
ROCKY HILL, Conn.--(BUSINESS WIRE)--Aug. 31, 2000--Ames Department Stores,
Inc. (NASDAQ:AMES) today announced net sales of $262.2 million for the four weeks
ended August 26, 2000, compared with net sales of $232.4 million in the year-earlier period,
an increase of 12.8 percent. Net sales for the thirty-week year-to-date period were $1.965
billion, compared with $1.908 billion in the year-earlier period, an increase of 3.0 percent.
Comparable-store sales for the period were $194.0 million compared to $194.9 million last
year, a decrease of 0.5 percent. This compares to a 4.2 percent increase in the prior year.
Comparable-store sales for the month are based on 342 stores. For the year-to-date period
comparable-store sales were $1.354 billion against $1.366 billion for the same period last
year. This decrease of 0.9 percent is measured against an increase of 8.6 percent last year.
Joseph R. Ettore, Ames' Chairman and CEO, said, "During the month there were good
performances in several categories including ladieswear, infantswear, appliances and home
entertainment. In September we will be opening ten new stores," continued Mr. Ettore. "Eight
of these stores are in the Chicago area, a new market for Ames, and two are in Ohio. We
are planning for strong Grand Opening sales and look forward to introducing Ames
merchandise and service to these communities."
Ames Department Stores, Inc. and Subsidiaries
(in millions)
Fiscal 2000 Fiscal 1999 Percent Change
Month (4 weeks)
Total Stores 262.2 232.4 12.8
Comp Stores $194.0 $194.9 (0.5)
Year-to date (30 weeks)
Total Stores 1,965 1,908 3.0
Comp Stores 1,354 1,366 (0.9)
With 467 stores located in 19 states and the District of Columbia, Ames is the nation's largest
regional, full-line discount retailer with annual sales of over $4 billion. Ames offers a broad
range of merchandise categories including family apparel, housewares, domestics, electronics,
ready-to-assemble and patio furniture, jewelry, craft and pet supplies, health and beauty care
items, stationery, sporting goods, toys, seasonal products and more.
For fax copies of Ames' most recent news releases, dial 1 800 925 7792. To find the
location of the Ames store nearest you, dial 1-800-SHOP-AMES.
amesstores.com
espanol.amesstores.com (in Spanish)
Contact: Carolyn Skahill 860 257 5078, or
cskahill@ameshome.com
Cautionary Statement Regarding Forward-looking Information
Statements, other than those based on historical facts which address activities, events, or
developments that the Company expects or anticipates may occur in the future are
forward-looking statements which are based upon a number of assumptions concerning
further conditions that may ultimately prove to be inaccurate. Actual events and results may
materially differ from anticipated results described in any forward-looking statements. The
Company's ability to achieve such results is subject to certain risks and uncertainties.
Consequently, these cautionary statements qualify all of the forward-looking statements and
there can be no assurance that the results or developments anticipated by the Company will
be realized or that they will have the expected effects on the Company or its business or
operations.
CONTACT: Ames Department Stores, Inc.
Carolyn Skahill, 860/257-5078
cskahill@ameshome.com
amesstores.com
espanol.amesstores.com (in Spanish) |
