Ames Reports December Sales.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)--Jan. 4, 2001 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 $684.4 million for the five weeks ended December 30, 2000, compared with net sales of $689.2 million in the year-earlier period, a decrease of 0.7 percent. Net sales for the forty-eight week year-to-date period were $3.718 billion, compared with $3.650 billion in the year-earlier period, an increase of 1.9 percent. Comparable-store sales for the period were $553.8 million compared to $568.6 million last year, a decrease of 2.6 percent against an increase of 3.0 percent for the same period last year. For the year-to-date period comparable-store sales were $2.749 billion against $2.799 billion for the same period last year, a decrease of 1.8 percent. Comparable-store sales are based on 382 stores. Joseph R. Ettore, Ames' Chairman and 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. , said, "After a slow start, sales strengthened significantly as the Holidays neared and from a week before Christmas through the post-Holiday period, sales were on plan despite the negative impact of severe winter weather in several of our trade areas. However, throughout the month it was apparent that in making their purchases, shoppers this year were significantly more bargain conscious than they were last year and purchased more sale priced merchandise. We saw strong sales in the following categories: children's basics, infantswear, appliances, home entertainment, household commodities and health and beauty care." "Our inventories are in very good shape," Mr. Ettore continued. "They are down significantly from last year's levels, despite a 24 store increase. We are particularly pleased with the sell-through we experienced in all seasonal categories, which has limited our markdown Markdown The difference between the highest current bid price among broker-dealers in the market and the lower price that a dealer charges a customer. Notes: The broker offers a lower price to try stimulate trading in hopes that they will make the money back on the extra exposure in those areas. This positions us well for the 2001 year, particularly in the current economic environment. Additionally, we expect that the closure of the Bradlees stores in our overlapping territories will be a boost for business once their liquidation sales finish in a few weeks."
Ames Department Stores, Inc. and Subsidiaries
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Fiscal 2000 Fiscal 1999 Percent Change
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Month (5 weeks)
(Millions)
Total Stores $684.4 $689.2 (0.7)
Comp Stores $553.8 $568.6 (2.6)
Year-to-date (48 weeks)
(Billions)
Total Stores $3.718 $3.650 1.9
Comp Stores $2.749 $2.799 (1.8)
The comparable store base of 382 stores does not include the 32 stores whose closing was recently announced, or any of the Phase Three stores which opened in September 1999. With 479 stores 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 over $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 jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. , craft and pet supplies, health and beauty care items, stationery, sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport , toys, seasonal products and more. To find the location of the Ames store nearest you, dial 1-800-SHOP-AMES. http://www.AmesStores.com http://espanol.AmesStores.com (in Spanish) Cautionary Statement Regarding Forward-looking 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. |
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