Catherines Stores Corporation reports April sales results.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)--May 9, 1996--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 Thursday: see week. that unaudited sales for its four-week period ended May 4, 1996 decreased 2.0% to $22.4 million from $22.9 million. Year to date sales increased 3.8% to $70.5 million from $67.9 million. Comparable stores' sales decreased 7.3% in April and 1.1% for the first quarter. April's comparable stores' sales were negatively impacted by an earlier Easter Easter [A.S. Eastre, name of a spring goddess], chief Christian feast, commemorating the resurrection of Jesus after his crucifixion. In the West, Easter is celebrated on the Sunday following the full moon next after the vernal equinox (see calendar); thus, it . Due to the weak first quarter sales, the Company anticipates that first quarter earnings per share will be less than last years $0.30 per share. The Company opened seven stores during the month and anticipates opening three more during the spring season. Catherines Stores Corporation is a Memphis based specialty retailer selling large-size women's apparel in 451 stores in 40 states operating under the names Catherine's; PS..Plus Sizes, Plus Savings; Added Dimensions; and The Answer. CONTACT: Catherines Stores Corporation, Memphis David C. Forell, 901/363-3900, ext. 271 |
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