Buckle <BKE.N> May same store sales up sharply...look for gains in the retail sector today. Fred's Reports 30.9% Increase in May Sales; NEIMAN MARCUS <NMG.N> MAY SAME-STORE SALES UP 9.6 PCT; Claire's Stores, Inc. Reports May Sales Up 14%;KOHL'S <KSS.N> SAYS MAY SAME STORE SALES ROSE 17.4 PERCENT; PACIFIC SUNWEAR <PSUN.O> SAYS MAY SAME-STORE SALES INCREASE 11 PCT
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TAL News Server History:
ALERT : 98/06/04 09:04
KEARNEY, Neb., June 4 (Reuters) - Buckle Inc said Thursday
same store sales for the four weeks ended May 30, 1998 rose
23.6 percent compared with the same period last year.
Total sales for the month rose 34.7 percent to $20.6
million from $15.3 million a year ago.
Fred's Reports 30.9% Increase in May Sales; Comparable Store Sales <FRED.O>
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Fred's Reports 30.9% Increase in May Sales;
Comparable Store Sales Increase 8.6% for the Month
MEMPHIS, Tenn.(BUSINESS WIRE)--June 4, 1998--Fred's, Inc.
(Nasdaq/NM:FRED) today reported sales results for the four-week and
four-month periods ended May 30, 1998.
Fred's total sales for May increased 30.9% to $44.9 million
compared with $34.3 million in the year-earlier period. On a
comparable store basis, May sales increased 8.6%.
For the first four months of fiscal 1998, total sales
increased 28.6% to $189.0 million compared with $147.0 million in
the same period last year. Comparable store sales for the four-
month period increased 7.3% from the year-earlier level.
Commenting on these results, Michael J. Hayes, President and
Chief Executive Officer, said, "All segments of our business did
well during the month, with the pharmacy and seasonal departments,
specifically lawn and garden and ladies and girls apparel,
reporting strong performances over the prior year. Our home
furnishings, housewares, small appliances, and stationery
departments also continue to experience above-average sales
performances."
Fred's, Inc. operates 300 discount general merchandise stores,
including 30 franchised Fred's Stores, in the southeastern United
States. For more information about the Company, visit Fred's
Website on the Internet at www.fredsinc.com.
Claire's Stores, Inc. Reports May Sales Up 14%<CLE.N>
Claire's Stores, Inc. Reports May Sales Up 14%
PEMBROKE PINES, Fla., June 4 /PRNewswire/ -- Claire's Stores, Inc.
(NYSE: CLE) reported today sales for the four weeks ended May 30 were
$41,924,000, up 14 percent over $36,883,000 reported for the four weeks ended
May 31 1997. Same store sales were down one percent for the comparable four
week period.
Sales for the four-month fiscal year-to-date period ended May 30 were
$174,848,000 versus $151,264,000 for the comparable four months ended May 31,
1997, a 16 percent increase. Same store sales were even for the period.
All figures have been restated to reflect the merger with Lux Corporation
and its chain of "Mr. Rags" stores, the company said.
Rowland Schaefer, Chairman and President of Claire's, said that with
schools beginning the summer recess, the company expects an upward sales trend
that should produce a two percent increase in same store sales comparisons for
the second quarter, which ends August 1.
"Merchandise gross margins also continue to improve as a result of our
direct import program and should continue to improve throughout the year,"
Mr. Schaefer added.
This release contains "forward-looking statements" that represent the
company's expectations or beliefs with respect to future events. These
statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated. These factorsinclude, without limitation, changes in consumer preferences for teen apparel and accessories, competition and economic conditions in the United States.
Claire's Stores, Inc., the nation's premier retailer specializing in one- stop shopping for teens' fashion accessories, currently owns more than 1850 stores in all 50 states, the Caribbean, Canada, Japan and the United Kingdom.
PACIFIC SUNWEAR <PSUN.O> SAYS MAY SAME-STORE SALES INCREASE 11 PCT
ANAHEIM, Calif., June 4 (Reuters) - Pacific Sunwear of ay
California Inc. Thursday reported sales of $20.0 million for
the four weeks ended May 31, 1998, up 50 percent from the year
ago's $13.3 million, while same-store sales rose 11 percent.
Greg Weaver, chairman and chief executive officer, said:
"May was another good month for Pacific Sunwear and marked 31
months of consecutive same store sales increases. Our new
stores continue to produce strong initial results in line with
the average first year sales trend of $1 million achieved in
both 1996 and 1997." |
