Ames Continues Successful Sales Momentum.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)--Sept. 2, 1999-- Ames 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. - (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AMES) today announced net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $236.9 million for the four weeks ended August 28, 1999, compared with net sales of $164.7 million for the same period last year, an increase of 43.8 percent. Comparable-store sales for the period were $165.5 million, compared with $158.9 million in the same period last year, an increase of 4.2 percent. Comparable-store sales are based on 287 stores. Net sales for the 30-week year-to-date period were $1.922 billion, compared with $1.197 billion last year, an increase of 60.6 percent. Comparable-store sales for the year-to-date period were $1.256 billion, compared with $1.157 billion in the year earlier period, an increase of 8.6 percent. Joseph R. Ettore, Ames' President and Chief Executive Officer, said, "Our August sales included a fast-paced business in back-to-school items led by children's apparel. Also ladies apparel, home entertainment and furniture got the quarter off to a great start. In addition, strong sales in the second quarter ended July 31st left less merchandise for clearance sales and their associated markdowns. Our comp sales growth rate year-to-date is exceptional and should allow us to maintain this momentum through the year-end." With over 455 stores, including the recently acquired Hills stores and certain former Caldor sites, located in 19 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Ames is the nation's largest regional full-line discount retailer with annual sales of almost $4 billion. Ames offers a broad range of merchandise categories including family apparel, housewares house·wares pl.n. Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen. , domestics, electronics, ready-to-assemble and patio furniture pa´ti`o fur´ni`ture 1. Furniture such as chairs, tables, settees or loungers, suited for use on a patio , i.e. such that will not be damaged by exposure to rain, sun or other outdoor elements. , 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; http://www.AmesStores.com |
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