Catherines Stores Corporation reports February 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)--March 7, 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 that unaudited sales for its four-week period ended March 2, 1996 increased 5.8% to $19.8 million from $18.7 million. This is the first month of the Company's fiscal year. Comparable stores' sales increased 1.0% in February. The Company opened seven stores during the month and anticipates opening approximately 17 more during the first quarter. The Company closed two underperforming stores during February. Costs associated with these closings were accrued ac·crue v. ac·crued, ac·cru·ing, ac·crues v.intr. 1. To come to one as a gain, addition, or increment: interest accruing in my savings account. 2. in the Company's prior fiscal year. Catherines Stores Corporation is a Memphis based specialty retailer selling large-size women's apparel in 437 stores in 40 states operating under the names Catherine's; PS..Plus Sizes, Plus Savings; Added Dimensions; and The Answer. The Company plans to release its earnings for the fiscal year ended Feb. 3, 1996 on Tuesday, March 12, 1996. A conference call will be conducted at 2:30 p.m. CST CST abbr. 1. Central Standard Time 2. convulsive shock treatment CST Central Standard Time Noun 1. . The number to call is 1-800-374-0566. CONTACT: Catherines Stores Corporation, Memphis David C. Forell, 901/363-3900, ext. 271 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion