CALDOR REPORTS 9.5% TOTAL SALES INCREASE FOR MAY 1995; COMPARABLE STORE SALES UP 2.9%.NORWALK Norwalk (nôr`wôk'). 1 City (1990 pop. 94,279), Los Angeles co., S Calif.; settled in the 1850s, inc. 1957. With the arrival (1875) of the Southern Pacific RR, it became a center for the dairy and logging industries, but , Conn.--(BUSINESS WIRE)--May 30, 1995--The Caldor Caldor was a chain of discount department stores based in the Norwalk, CT. The chain declared bankruptcy in 1995 and closed all of its stores on May 15, 1999. History Beginning Corporation (NYSE NYSE See: New York Stock Exchange : CLD CLD Called CLD Cloud CLD Cleared CLD Chronic Lung Disease CLD Council for Learning Disabilities CLD Cooled CLD Chronic Liver Disease CLD Clear Direction Flag CLD Certified LabVIEW Developer CLD Causal Loop Diagram ) reported today that sales for the month of May 1995 rose to $212 million, an increase of 9.5% over sales of $194 million in May of 1994. Comparable store sales for the four week period increased 2.9%. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. sales, for the seventeen weeks ended May 27, 1995, increased 6.2% to $777 million over 1994 sales of $731 million. Comparable store sales decreased 1.8% during the seventeen week period. -0-
Comparable
Store Total
May 27, May 28, Percent Percent
($ in millions) 1995 1994 Change Change
Four weeks ended $212 $194 2.9% 9.5% Seventeen weeks ended $777 $731 (1.8%) 6.2% Trailing fifty-two $2,794 $2,511 0.8% 11.3% weeks ended -0-
"Our store-for-store sales gain of 2.9% for the month represents
a substantial improvement over our early 1995 trend," said Don
Clarke, Chairman and Chief Executive Officer of Caldor. "Sales were
particularly strong in the fourth week with the onset of our first
period of warm weather throughout our markets."
The Caldor Corporation is the fourth largest discount department
store chain in the U.S. with sales of $2.7 billion during the last
12 months, and operates 163 stores in ten East Coast states, compared
to 153 a year earlier. With a strong consumer franchise in
high-density urban/suburban markets, Caldor offers a diverse
merchandise selection, including both softline and hardline products.
The Company's continued growth will be based on a store expansion
program, a unique merchandising strategy and a Customer-friendly
shopping experience.
CONTACT: Robert S Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. . Schauman Chief Financial Officer (203) 849-2004 or David D. Peterson Investor Relations Investor relations The process by which the corporation communicates with its investors. (203) 849-2037 or Report requests: (203) 849-2334 |
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