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

To: Arthur Tang who wrote (1822)	1/14/2001 3:00:04 AM
From: Arthur Tang	Respond to of 1911

Yesterday, visited Natick AMES' store closing. Traffic was 10% better than usual. Closing sales were started Dec. 24. Less than half of the store were empty. Sales were 10-60%(cheap jewelry is 60% instead of the normal 70%) discount. I would say in general higher price than when they were in normal operation. New boxes recently shipped in, were taped shut by electrical tape to prevent them from being opened by customers. Most customer buy by impulse, not what they needed. Reason of the store closing is loss of lease. Store closing banner and loss of lease banners were large signs on building. Bradlees also had large banner on their building; but Stop and Shop(sucessful supermarket super store chain) will pay $150 million for all Bradlees' $1/foot, 99 year leases in bankruptcy court. Stop and Shop used to own and run Bradlees. Full line discount department stores had to run like supermarkets to survive. In the mean time half emptied Bradlees had slowed down and is offering 20-40% discount instead of 20-30% discount, but 40% off merchandise were only children's clothing.