CALDOR REPORTS AUGUST 1995 SALES.NORWALK, Conn--(BUSINESS WIRE)--August 31, 1995--The Caldor 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 August 1995 were $179 million, a decrease of 2.9% from sales of $185 million in August of 1994. Comparable store sales for the four week period decreased 10.4%. Year-to-date sales, for the thirty weeks ended August 26, 1995, increased 3.2% to $1.414 billion over 1994 sales of $1.370 billion. Comparable store sales decreased 4.2% during the thirty week period. -0-
Comparable
Store Total
Aug. 26, Aug. 27, Percent Percent
($ in millions) 1995 1994 Change Change
Four weeks ended $179 $185 (10.4%) (2.9%)
Thirty weeks ended $1,414 $1,370 (4.2%) 3.2%
Trailing fifty-two
weeks ended $2,793 $2,613 (2.2%) 6.9%
"As anticipated, August results reflected the continued sluggish retail environment in our markets and we are disappointed with those results," said Don Clarke Donald Barry Clarke (November 10, 1933–December 29, 2002) was a New Zealand rugby union player who played 89 times (31 of these were test matches) as an All Black from 1956 until 1964. , Chairman and Chief Executive Officer of Caldor. "September is off to a better start and is meeting our expectations, reflecting a possible favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. shift into the back to school season." The Caldor Corporation is the fourth largest discount department store chain in the U.S. with sales of $2.8 billion during the last 12 months, and operates 166 stores in ten East Coast states, compared to 154 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 merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. 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 David D. Peterson: (203) 849-2037 or Media Contact: Wendi Kopsick, Kekst & Company: (212) 593-2655 or Investor Relations Investor relations The process by which the corporation communicates with its investors. : (203) 849-2316 Report Requests: (203) 849-2334 |
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