National Record Mart Reports 14th Consecutive Increase in Total Sales and Same-Store Sales for Fiscal June
PITTSBURGH--(BUSINESS WIRE)--July 9, 1998--National Record Mart, Inc. (NASDAQ: NRMI - news), today reported that its total sales for the four-week period ended June 27, 1998, increased 15.7 percent to $8.0 million from $7.0 million in fiscal June 1997 -- the 14th consecutive increase in the monthly sales results for stores that have been in operation for more than a year as of June 27, 1998. Comparable store sales rose 7 percent for fiscal June to $7.3 million in 1998 from $6.8 million in fiscal June 1997.
National Record Mart, the nation's sixth largest retailer of pre-recorded music, operates 156 stores in 27 states throughout the United States.
This press release contains statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that National Record Mart files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.
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Contact:
National Record Mart, Inc., Pittsburgh
Theresa Carlise, 412/276-6200
or
Porter, LeVay & Rose, Inc., New York
Debra Potter, Senior Editor
John Chuhran, Media Consultant
212/564-4700
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