Ames Announces 54 Store Closings.Business Editors ROCKY HILL Rocky Hill, town (1990 pop. 16,554), Hartford co., central Conn., a suburb of Hartford, on the Connecticut River; settled c.1650, inc. 1843. Chemical coatings and synthetic textiles are made there. Rocky Hill was an important river port from 1700 to 1820. , Conn.--(BUSINESS WIRE)--Dec. 5, 2001 Ames Ames, city (1990 pop. 47,198), Story co., central Iowa, on the Skunk River; inc. 1870. Its chief manufactures are electronic, water-analysis, and water-treatment equipment; motor vehicles; construction materials; and machinery. Iowa State Univ. Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : AMESQ) announced today that it will close 54 store locations. The stores will begin liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy on December December: see month. 30, 2001 and are expected to close in February February: see month. or March of 2002. "Ames is focused on an aggressive plan to emerge from reorganization as promptly as possible. To achieve that goal, and provide continued opportunity for more than 24,000 associates moving forward, we have to demonstrate performance that will ensure Ames access to capital. This last round of closings gives us the financial profile we need," said Joseph R. Ettore, Ames' Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . The company indicated that its analysis of store sales volumes, local demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. and market potential demonstrated that as a result of closing this group of stores, reported sales per square foot for the remaining 333 Ames locations would be 22 percent higher than the current chain average. "Closing stores is a difficult decision," Ettore added. "But Ames will continue to have a strong presence in the majority of these markets. More importantly, we will also be able to offer many of the impacted associates an opportunity to work in a nearby store location." Ames Department Stores, Inc. is a regional, full-line discount retailer with annual sales over $3 billion. With stores in the Northeast, Mid-Atlantic Adj. 1. mid-Atlantic - of a region of the United States generally including Delaware; Maryland; Virginia; and usually New York; Pennsylvania; New Jersey; "mid-Atlantic states" middle Atlantic and Mid-West, Ames offers value-conscious shoppers quality, name-brand products across a broad range of merchandise categories. For more information about Ames, visit www.AmesStores.com or www.AmesStores.com/espanol. To find the location of the Ames store nearest you, dial 1-800-SHOP-AMES. Cautionary Statement Regarding Forward-looking for·ward-look·ing adj. Concerned with or making provision for the future: forward-looking educators; a forward-looking corporate plan. Adj. 1. Information Statements, other than those based on historical facts which address activities, events, or developments that the Company expects or anticipates may occur in the future are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which are based upon a number of assumptions concerning further conditions that may ultimately prove to be inaccurate. Actual events and results may materially differ from anticipated results described in any forward-looking statements. The Company's ability to achieve such results is subject to certain risks and uncertainties. Consequently, these cautionary statements qualify all of the forward-looking statements and there can be no assurance that the results or developments anticipated by the Company will be realized or that they will have the expected effects on the Company or its business or operations.
Store Closing List
Delaware (1)
Wilmington--3600 Miller Rd
Maryland (2)
Baltimore--3450 Annapolis Rd
Lutherville Timonium--2145 York Rd
Maine (2)
Sanford--1364 Main St
Falmouth--251 US Route 1
New Hampshire (1)
Tilton--630 West Main St
New Jersey (1)
Somerdale--711 Evesham Ave
New York (4)
Canandaigua--3225 E Lake Rd, State Rte 364
Carthage--500 W End Ave
Niagara Falls--2429 Military Rd
Monticello--4050 Rte 42
Ohio (14)
Ashtabula--2466 West Prospect Rd
Austintown--6000 Mahoning Ave
Brooklyn--11111 Memphis Ave
Canal Winchester--6035 Gender Rd
Chillicothe--985 N Bridge St
Columbus--2189 Eakin Rd
Lancaster--1601 River Valley Circle N
Mentor--8485 Market St
Middletown--2535 S Breiel Blvd
New Philadelphia--400 Mill Ave SE
Niles--5791 Warren Youngstown Rd
Piqua--987 E Ash St
Whitehall--3955 East Broad St
Youngstown--476 Boardman-Canfield Rd
Pennsylvania (18)
Belle Vernon--8000 Rostraver Rd
Berwick--Us Rte 11, 2015 West Front St
Bethel Park--5775 Baptist Rd
Bristol--Route 413 & Route B
Edinboro--12511 Edinboro Rd
Erie--2711 Elm St
Fairless Hills--520 Lincoln Hwy
Kittanning--19 Franklin Village Mall
Grove City--11 Pine Grove Square
Harrisburg--5005 Jonestown Rd
Lancaster--1300 Lititz Pike
McMurray--4009 Washington Rd
Phoenixville--100208 Schuylkill Rd & Hollingsworth
Philadelphia--703 E Hunting Ave
Reading--3215 N 5th Street Hwy
Sayre--500 N Elmira St
Tyrone--RD #5, Rte 220
Pittsburgh--4801 McKnight Rd
Rhode Island (1)
Middletown--878 West Main Rd
Virginia (4)
Christiansburg--1500 Roanoke Rd
Lynchburg--2110 Ward Rd
Norfolk--207 E Little Creek Rd
Roanoke--3971 Brambleton Ave
West Virginia (6)
Bluefield--RR 460
Bridgeport--1190 West Main St
Charleston--100 Kanawha Mall
Buckhannon--100 Buckhannon Mall
Dunbar--991 Dunbar Village Plaza
Lyburn--US Rte 10 S
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