Best Products Announces FEBRUARY Sales.RICHMOND, Va.--(BUSINESS WIRE)--March 7, 1996--Best Products Co., 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 : BEST) today reported that sales for fiscal February, the four weeks ended March 2, 1996 decreased 4.6% to $84.1 million compared to $88.2 million for the four weeks ended February 25, 1995. Comparable store sales decreased 10.5%. February, the first month of Best Products' fiscal year, is historically a low-volume month. The company said inclement in·clem·ent adj. 1. Stormy: inclement weather. 2. Showing no clemency; unmerciful. in·clem weather in many of its markets during the first half of the month adversely impacted sales. In consideration of its recent sales results, the company said it will be announcing changes throughout 1996 to refocus Verb 1. refocus - focus once again; The physicist refocused the light beam" focus - cause to converge on or toward a central point; "Focus the light on this image" 2. the business and enhance its performance. Best Products, a specialty retailer offering category-dominant assortments of 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. and home furnishings, operates 175 Best stores in 23 states. The company also operates 11 Best Jewelry stores and a nationwide mail-order service. CONTACT: Best Products Investor Relations Investor relations The process by which the corporation communicates with its investors. : Frederick Kraegel, 804/261-2150 Betsy Brod, 212/850-5600 or Media Contacts: Ross Richardson, 804/261-2157 Stacy Berns/Leslie Feldman, 212/850-5600 |
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