Ames reports November sales.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)--Dec. 5, 1996--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 $223.0 million for the four weeks ended Nov. 23, 1996, compared with net sales of $218.2 million for the four weeks ended Nov. 25, 1995, an increase of 2.2 percent. Comparable-store sales for the period were $208.8 million, compared with $206.7 million in the same period last year, an increase of 1.0 percent. Comparable-store sales are based on 286 stores. Net sales for the 43-week year-to-date period were $1.678 billion, compared with $1.658 billion in the year-earlier period, an increase of 1.2 percent. Comparable-store sales for the period were $1.571 billion, compared with $1.576 billion last year, a decrease of 0.3 percent. Results for the fiscal month of November 1996 do not include Thanksgiving Thanksgiving annual U.S. holiday celebrating harvest and yearly blessings; originated with Pilgrims (1621). [Am. Culture: EB, IX: 922] See : America Thanksgiving national holiday with luxurious dinner as chief ritual. [Am. Pop. week, as they did last year. Comparable-store sales for the five weeks ended Nov. 30, 1996, which includes Thanksgiving week, compared to the same period in 1995, increased 5.6 percent. Joseph R. Ettore, Ames' President and Chief Executive Officer, said, "We were pleased with November's sales results, which despite the fact that this year's four-week period did not include sales from the Thanksgiving weekend, were slightly better than last year, and were well above plan. Our November Toy Book resulted in strong sales in toys that were above plan and last year. We were also pleased by apparel sales for the month, with especially strong sales in Ladies' and Men's. However, due to the more intensified in·ten·si·fy v. in·ten·si·fied, in·ten·si·fy·ing, in·ten·si·fies v.tr. 1. To make intense or more intense: promotional approach and the strength of our toy business, we expect our gross margin rate for November to be less than plan." Ames, which operates 303 stores in 14 northeastern 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). , is the nation's fifth largest discount chain with annual total sales of $2.2 billion. -0- For fax copies of Ames' most-recent news releases, dial 1-800-758-5804 Ext. 036787. CONTACT: Marge Wyrwas, 860/257-2659 Lynn Riemer, 860/257-2666 http://www.AmesStores.com |
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