Ames Reports June 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)--July 6, 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 of $346.5 million for the five weeks ended July 1, 2000, compared with net sales of $342.0 million in the year-earlier period, an increase of 1.3 percent. Net sales for the twenty-two week year-to-date period were $1.460 billion, compared with $1.447 billion in the year-earlier period. Comparable-store sales for the period were $265.3 million, against $279.8 million in the year-earlier period. This decrease of 5.2 percent compares to a very robust 13.8 percent increase in the prior year. These results are consistent with the Company's expectations in its June 21, 2000 press release. Comparable-store sales were based on 342 stores. For the year-to-date period comparable-store sales were $977.6 million against $983.4 million last year, a decrease of 0.6 percent. 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, "We saw a pattern of improvement as the month progressed and sales rallied in the last two weeks of June comparing favorably to last year's strong sales. Strong categories included home entertainment and infants wear. Sales of seasonal items also picked up." With 460 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, 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 http://espanol.AmesStores.com (in Spanish) Contact: Carolyn Skahill 860 257 5078 or cskahill@ameshome.com 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 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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