Ames Department Stores, Inc. Corrects and Replaces Previous Announcement, BW2174, CT-AMES-DEPT-STORES.Business Editors NOTE: The following news release corrects and replaces the previous 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. news release, which ran earlier Thursday Thursday: see week. on Business Wire, BW2174 (CT-AMES-DEPT-STORES) NEW YORK--(BUSINESS WIRE)--Aug. 16, 2001 Ames Announces 47 Store Closings 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.--Aug. 16, 2001--Ames 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) announced today that it will close 47 store locations. The stores will immediately 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 and are expected to close by the end of October October: see month. . "We've we've Contraction of we have. we've have continued to see a softening softening /sof·ten·ing/ (sof´en-ing) malacia. softening a change of consistency, with loss of firmness or hardness. economy in the last several months and don't don't 1. Contraction of do not. 2. Nonstandard Contraction of does not. n. A statement of what should not be done: a list of the dos and don'ts. anticipate much improvement in the short term. In keeping with our ongoing review of operations, these stores have now become candidates for closure. Closing stores is always difficult, especially for those associates directly impacted by the closings. Wherever possible, we will find opportunities for these associates in markets with ongoing Ames locations," 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. . "In this tough economic climate," he added, "we feel that it is in the Company's best interest to put our efforts into our viable core business which represents just over 400 store locations." The store closings will affect some 2,000 employees in 10 markets. A complete listing of all the closing stores is attached and can also be found on our website at www.AmesStores.com. Ames Department Stores, Inc., a FORTUNE 500(R) company, is the nation's largest regional, full-line discount retailer with annual sales of approximately $4 billion. With 452 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.
CLOSING STORES
ILLINOIS (3)
Chicago - 3445 South Martin Luther King Drive
Danville - 3363 N. Vermillion St.
Wheaton - Main Street Plaza Shopping Center, 288 E. Geneva Rd.
INDIANA (6)
Anderson - 2100 S. Scatterfield Rd.
Kokomo - Maple Crest Shopping Center, 2947 S. Washington St.
Marion - One North Park Mall, 1129 N. Baldwin Ave.
New Castle - New Castle Plaza, 127 S. Memorial Dr.
Terre Haute - Plaza North Shopping Center,
119 Fort Harrison Rd.
Terre Haute - Riverside Plaza, 3500 S. US Hwy 41
MAINE (1)
Newport - 26 Main St.
MARYLAND (1)
Salisbury - 258 Tilghman Rd.
NEW YORK (3)
Buffalo - 2232 Delaware Ave.
Ticonderoga - 1171 NYS Rte. 9N
Williamsville - Clarence Mall, 4401 Transit Road
NORTH CAROLINA (1)
Wilmington - Long Leaf Mall, 4302 Shipyard Blvd.
OHIO (15)
Akron - 2375 Romig Rd.
Amherst - 190 Milestone Ln.
Bedford - 456 Northfield Rd.
Canton - 3200 Atlantic Blvd. NE
Defiance - 1800 N. Clinton St.
Heath - Indian Mound Mall, 771 S. 30th St.
Logan - 32 Hocking Mall
Marietta - 450 Pike St.
Massilon - 1970 Lincoln Way East
Mt. Vernon - 1010 Coshocton Ave.
Northwood - 3700 Williston Rd.
St. Clairsville - 67501 Mall Ring Rd.
Steubenville - Fort Steuben Mall, 100 Mall Dr.
Toledo - Alexis-Lewis Shopping Center, 1136 W. Alexis Rd.
Willowick - Shoregate Shopping Plaza, 29400 Lakeshore Blvd.
PENNSYLVANIA (12)
Bradford - Bradford Mall, 1001 E. Main St.
Clearfield - Clearfield Mall, 1854 Daisy St.
Ebensburg - Terra Step Plaza, Hwy 22, RD# 4
Erie - 2080 Interchange Rd.
Gibsonia - 5375 William Flynn Hwy.
Hermitage - 2996 E. State St.
Johnstown - Richland Mall, 3200 Elton Rd.
Mill Hall - 284 Hogan Blvd.
New Castle - 2522 W. State St.
Philadelphia - Boulevard Plaza, 11000 Roosevelt Blvd.
Warminster - Center Point Place, 908 West St.
West Mifflin - Kennywood Mall, 1300 Hoffman Blvd.
VIRGINIA (4)
Chesapeake - Chesapeake Crossing Shopping Ctr.,
1943 South Military Hwy.
Danville - Piedmont Mall, 325 Piedmont Dr.
Roanoke - 2935 Hershberger Rd. NW
Virginia Beach - 2866 Virginia Beach Blvd.
WEST VIRGINIA (1)
Fairmont - Middletown Mall, 2500 Fairmont Ave.
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