Braun's Fashions Reports a 17% Increase in June Same-Store Sales.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--June 29, 2000 Braun's Fashions Corporation (Nasdaq: BFCI BFCI Butterfly Conservation Initiative ) today reported a 17% increase in June same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. for its four-week period ended June 24, 2000. Total sales for the four-week period ended June 24, 2000, rose 40% to $13.0 million from $9.3 million last year. For the four months ended June 24, 2000, same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of increased 20%. Total sales for the four months year-to-date increased 44% to $55.3 million from $38.5 million last year. As of June 24, 2000, the Company operated 243 stores compared with 208 as of June 26, 1999. Bill Prange, Chairman and Chief Executive Officer of Braun's commented, "Our 17% increase in June same-store sales exceeded our expectations and follows a 17% increase in last year's June same-store sales. We are very pleased with the breadth of our business, as sales were strong across all product categories." Mr. Prange concluded, "We are extremely encouraged by the continued strength in our sales and remain very optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op regarding our long-term growth prospects." Braun's Fashions Corporation is a Minneapolis-based specialty retailer of women's clothing and accessories providing exclusive fashions under the Christopher & Banks label. Presently, the Company has 243 stores operating in 27 states, located primarily in the northern regions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . This release contains 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. regarding future performance of the Company. The achievement of such results is subject to certain risks and uncertainties, including changes in economic, market and weather conditions, the effect of consumer tastes and spending habits, the realization of expected economies gained through the use of private label and direct import merchandise, management of growth and other factors outside the Company's control, including factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that may arise after the date hereof. For more information on Braun's Fashions Corporation, visit our website at www.braunsfashions.com or www.christopherandbanks.com |
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