Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (1741)	10/5/2000 8:59:19 AM
From: Market Tracker	Read Replies (1) \| Respond to of 1911

Ames Reports September Sales ROCKY HILL, Conn.--(BUSINESS WIRE)--Oct. 5, 2000--Ames Department Stores, Inc. (NASDAQ: AMES - news) today announced net sales of $326.4 million for the five weeks ended September 30, 2000, compared with net sales of $322.4 million in the year-earlier period, an increase of 1.2 percent. Net sales for the thirty-five week year-to-date period were $2.291 billion, compared with $2.231 billion in the year-earlier period, an increase of 2.7 percent. Comparable-store sales for the period were $274.4 million compared to $285.6 million last year, a decrease of 3.9 percent. This compares to a 6.3 percent increase in the prior year. Comparable-store sales for the month are based on 396 stores. For the year-to-date period comparable-store sales were $1.628 billion against $1.651 billion for the same period last year. This decrease of 1.4 percent is measured against an increase of 8.3 percent last year. Joseph R. Ettore, Ames' Chairman and CEO, said, ``We are disappointed with our September results. In addition, a higher amount of layaway sales this year as compared to last year also had a negative effect on our reported comp sales results consistent with the adoption of the SEC's layaway accounting rule.'' Ames Department Stores, Inc. and Subsidiaries (In millions) Fiscal 2000 Fiscal 1999 Percent Change ----------- ----------- -------------- Month (5 weeks) (Millions) Total Stores $ 326.4 $ 322.4 1.2 Comp Stores $ 274.4 $ 285.6 (3.9) Year-to date (35 weeks) (Billions) Total Stores $ 2.291 $ 2.231 2.7 Comp Stores $ 1.628 $ 1.651 (1.4) With 476 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. -------------------------------------------------------------------------------- Contact: Ames Department Stores, Inc. Carolyn Skahill, 860/257-5078 cskahill@ameshome.com amesstores.com espanol.amesstores.com (in Spanish)