Ames Reports January and Fiscal Year-End 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)--Feb. 3, 2000 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 for the four weeks ended January 29, 2000 were $189.9 million, compared with net sales of $117.8 million for the four weeks ended January 30, 1999, an increase of 61.2 percent. Net sales for the 13-week fourth quarter period ended January 29, 2000, were $1.214 billion, compared with net sales for the 13-week period ended January 30, 1999 of $758 million, an increase of 60.2 percent. Net sales for the 52-week fiscal year ended January 29, 2000 were $3.841 billion, compared with $2.387 billion in the 52-weeks ended January 30, 1999, an increase of 60.9 percent. Comparable-store sales for the four weeks ended January 29, 2000 were $119.5 million, compared with $113.3 million in the same four week period last year, an increase of 5.5 percent. Comparable-store sales for the 13 weeks ended January 29, 2000 were $740.1 million, compared with $718.5 million in the 13 weeks ended January 30, 1999, an increase of 3.0 percent. Comparable-store sales for the 52 weeks ended January 29, 2000 were $2.409 billion, compared with $2.269 billion for the 52 weeks ended January 30, 1999, an increase of 6.2 percent. Comparable store sales are based on 284 stores. Joseph R. Ettore, Ames' Chairman, President and Chief Executive Officer, said, &uot;Furniture, home entertainment and appliances led the way in January, as did all of our apparel categories, again showing our customers' response to our exceptional prices and values. These results exceeded our goals for January despite the heavy snow storms that affected the greater part of our operating area last week.&uot; Mr. Ettore continued, &uot;We had a great year and I am very pleased with our comp and total sales performance. We met the challenge of opening 163 new stores in 1999, increasing our store base by over 50 percent from 301 last year to 454 today while maintaining a very strong 6.2 percent comp store sales increase in our core business. We are constantly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. opportunities to grow our business and improve returns to Ames shareholders and are pleased that yesterday we announced our entry into the Chicago market.&uot; With 454 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 $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 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. 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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