Catherines Stores Corporation reports June 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)--July 11, 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 five-week period ended July July: see month. 6, 1996 decreased 1.0% to $25.0 million from $25.3 million. Year to date sales increased 1.7% to $120.3 million from $118.3 million. Comparable stores' sales decreased 6.0% in May and 3.3% year to date. The Company's average inventory per store is 9.7% less than the prior year as planned. Due to the decline in comparable stores' sales thus far in the second quarter, the Company's second quarter earnings per share are anticipated to be less than last year. In fiscal 1995 the Company earned $0.34 per share, which was its best quarter as a public company. Catherines Stores Corporation is a Memphis based specialty retailer selling large-size women's apparel in 453 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. 1271 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion