Catherines Stores Corporation Reports December Sales Results.Business Editors MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--Jan. 6, 2000 Catherines Stores Corporation (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 :CATH CATH Catholic CATH Cathedral CATH Cathode CATH Autonomous Haitian Workers (Haiti) CATH Center for Applied Technologies in the Humanities (Virginia Tech) ) reported Thursday that comparable stores' sales increased 1.2% for the month of December, bringing the year-to-date comparable stores' sales increase to 4.0%. Total sales for the five-week period ended January 1, 2000 increased 0.7% to $31.7 million from $31.5 million during the corresponding period in the prior year. Year-to-date, total sales have increased 3.5% to $287.4 million from $277.8 million in the prior year. The Company operated 436 stores at the end of December 1999 and December 1998. In November Charming Shoppes, Inc., (NASDAQ:CHRS CHRS Canadian Heritage Rivers System CHRS Centre d'Hébergement et de Réadaptation Sociale CHRS Center for Hydrometeorology and Remote Sensing CHRS Criminal History Record Search CHRS Charterers (shipping) ) entered into a definitive merger agreement to acquire Catherines. Pursuant to the agreement, a subsidiary of Charming has made a cash tender offer for all outstanding shares of common stock of Catherines at $21.00 per share. The tender offer expires at 5:00 p.m. New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Thursday, Jan. 6, 2000 unless the offer is extended. Catherines Stores Corporation is a Memphis-based specialty retailer selling large-size women's apparel under the names Catherine's; PS...Plus Sizes, Plus Savings; Added Dimensions; and The Answer. |
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