Ames Reports September Sales
ROCKY HILL, Conn., Oct. 8 /PRNewswire/ -- Ames Department Stores, Inc. (Nasdaq: AMES) today announced net sales of $210.3 million for the five weeks ended October 3, 1998, compared with net sales of $193.0 million for the five weeks ended September 27, 1998, an increase of 9.0 percent.
Comparable-store sales for the period were $198.0 million, compared with $185.5 million in the same period last year, an increase of 6.7 percent. Comparable-store sales are based on 286 stores.
Net sales for the 35-week year-to-date period were $1.411 billion, compared with $1.285 billion last year, an increase of 9.8 percent. Comparable-store sales for the year-to-date period were $1.341 billion, compared with $1.245 billion in the year-earlier period, an increase of 7.7 percent.
Joseph R. Ettore, Ames' President and Chief Executive Officer, said, "Girls, Infants, Domestics, Furniture, Appliances and Electronics categories were strong sellers in September, contributing to a solid sales performance for the company. Apparel sales showed improvement late in the month with the onset of cooler weather. Ames opened three new stores in September in Johnstown, Pa., Warren, R.I. and Bangor, Maine, all of which are performing well."
With $2.2 billion in annual net sales, Ames Department Stores, Inc., operates 301 stores in 14 Northeastern, Middle Atlantic and Midwestern states and the District of Columbia. Ames is a full-line discount retailer, offering 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 1-800-758-5804 Ext. 036787.
To find the location of the Ames store nearest you, dial 1-800-SHOP-AMES. amesstores.com
SOURCE Ames Department Stores, Inc.
CO: Ames Department Stores
ST: Massachusetts, Virginia, Ohio
IN: REA
SU: SLS
10/08/98 08:29 EDT prnewswire.com |
