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

To: Arthur Tang who wrote (913)	1/8/1998 9:37:00 AM
From: Market Tracker	Read Replies (1) \| Respond to of 1911

Ames Reports December Sales - Thursday January 8, 8:33 am Eastern Time Company Press Release Ames Reports December Sales ROCKY HILL, Conn.--(BUSINESS WIRE)--Jan. 8, 1998--Ames Department Stores Inc. (NASDAQ: AMES - news) today announced net sales of $386.4 million for the five weeks ended Dec. 27, 1997, compared with net sales of $368.0 million for the five weeks ended Dec. 28, 1996, an increase of 5.0 percent. Comparable-store sales for the period were $348.7 million, compared with $333.8 million in the same period last year, an increase of 4.5 percent. Comparable-store sales are based on 275 stores. Net sales for the 48-week year-to-date period were $2.090 billion, compared with $2.046 billion in the year-earlier period, an increase of 2.2 percent. Comparable-store sales for the period were $1.903 billion, compared with $1.865 billion last year, an increase of 2.0 percent. Joseph R. Ettore, Ames' President and Chief Executive Officer, said, ''We were pleased with sales results for December, given the promotional nature of the holiday season. Toys, sporting goods and furniture led the way with sales well above plan and last year. Ladies' basic and intimate apparel, housewares and crafts also performed well. ''Ames is looking ahead to a strong 40th anniversary year in 1998. We will continue to listen to our customers and offer the best possible values -- Bargains by the Bagful(SM) that Ames shoppers expect every day. Our continued focus on technology, inventory control and above all, serving our customers will help us to meet our goals in the coming year.'' Ames, which operates 298 stores in 14 Northeastern states and the District of Columbia, is the nation's sixth-largest discount chain, with annual total sales of $2.2 billion. 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 -------------------------------------------------------------------------------- Contact: Ames Department Stores Inc., Rocky Hill Marge Wyrwas, 860/257-2659