CHICO'S FAS ANNOUNCES AUGUST SALES RESULTS.FT. MYERS Myers can refer to: People
CHCS Composite Health Care System CHCS Chemical Hazards Communications Society (United Kingdom) CHCS Cabin Humidity Control Subsystem (NASA) CHCS Crew Health Care System ) today announced sales results for the four week period ended August 27, 1995. Total sales increased 3.9% to $4.8 million from $4.6 million reported for the same period a year ago. Comparable store sales for the Company-owned stores decreased 8.5% for the four week period. For the thirty-four week period ended August 27, 1995, total sales increased 2.4% to $39.9 million from $39.0 million for the same period in 1994. Comparable store sales for the Company-owned stores decreased 13.2% for the thirty-four week period. Marvin Gralnick, Chairman and Chief Executive Officer commented, "Although we were certainly affected by the unusual weather conditions last month, we are disappointed with our August sales figures sales figures npl → cifras fpl de ventas . The assortment assortment /as·sort·ment/ (ah-sort´ment) the random distribution of nonhomologous chromosomes to daughter cells in metaphase of the first meiotic division. as·sort·ment n. and depth of our styles, we believe, are still not properly matching our customer base." Mr. Gralnick continued, "As Melissa Payner-Gregor, our new General Merchandise Manager, continues to evaluate and adjust our future merchandise commitments, we anticipate improved comparable store sales. Further, we have begun our search for a new director of stores, and we are pleased with the number of initial qualified candidates we have identified thus far." Chico's sells exclusively designed, private-label women's casual clothing and related accessories. The Company operates a chain of 122 stores in 30 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). . The Company owns 110 stores, franchisees own 12. CONTACT: Charles Kleman Chief Financial Officer 941-277-6200 OR IR CONTACT: David Walke/Howard Zar/Shannon Moody mood·y adj. 1. Given to frequent changes of mood; temperamental. 2. Subject to periods of depression; sulky. 3. Expressive of a mood, especially a sullen or gloomy mood. PRESS CONTACT: Lisa Bradlow Morgen-Walke Associates 212/850-5600 |
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