Sorry, grabbed the wrong release:
FOR FURTHER INFORMATION PLEASE CONTACT:
Mark's Work Wearhouse Ltd.
Michael Lambert
Chief Financial Officer
(403) 258-7593
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: MARK'S WORK WEARHOUSE LTD.
TSE SYMBOL: MWW
OCTOBER 28, 1997
Mark's Work Wearhouse Same Store Sales up 21 Percent for
October
CALGARY, ALBERTA--Garth Mitchell, President and C.E.O. of Mark's
Work Wearhouse announced today that very strong same store sales
results were experienced in all parts of the country, an
indication of solid acceptance of our fall assortments by our
customers. In addition, most categories had sales increases in
the 20 percent range, with outstanding performance in our
outerwear business where our results were significantly greater
than the company averages.
/T/
OCTOBER (4 Weeks Ended October 25, 1997)
($ in Millions) Current Last Change
Year Year(1) (1) (2)
$ $ $ Percent
-------------------------------
Mark's Work Wearhouse
Corporate Stores 27.0 21.2 5.8 27.5
Mark's Work Wearhouse
Franchise Stores 6.4 5.5 0.9 15.6
Work World Franchise
Stores (Note 1) 8.2 - 8.2 -
------------------------------
Total Store Sales 41.6 26.7 14.9 55.6
THIRD QUARTER (13 Weeks Ended October 25, 1997
($ in Millions) Current Last Change
Year Year(1) (1) (2)
$ $ $ Percent
-------------------------------
Mark's Work Wearhouse
Corporate Stores 62.7 51.8 10.9 21.1
Mark's Work Wearhouse
Franchise Stores 15.7 14.5 1.2 7.9
Work World Franchise
Stores (Note 1) 21.9 - 21.9 -
-------------------------------
Total Store Sales 100.3 66.3 34.0 51.2
YEAR TO DATE (39 Weeks Ended October 25, 1997)
($ in Millions) Current Last Change
Year Year(1) (1) (2)
$ $ $ Percent
-------------------------------
Mark's Work Wearhouse
Corporate Stores 149.2 129.6 19.6 15.1
Mark's Work Wearhouse
Franchise Stores 37.7 36.1 1.6 4.3
Work World Franchise
Stores (Note 1) 55.1 - 55.1 -
-------------------------------
Total Store Sales 242.0 165.7 76.3 46.0
COMPARABLE STORE SALES increase: (Note 1)
October Third Quarter Year to Date
(Percent) (Percent) (Percent)
------------------------------------
Mark's Work Wearhouse
Corporate Stores 21.1 15.5 11.5
Mark's Work Wearhouse
Franchise Stores 20.5 12.2 8.6
/T/
(1) Effective December 1, 1996, Mark's Work Wearhouse acquired
Work World Enterprises Inc.
(2) Percentage calculation based on unrounded numbers.
-30- |
