Clothestime Announces Second Quarter Financial Results.ANAHEIM Anaheim (ăn`əhīm), city (1990 pop. 266,406), Orange co., S Calif., SE of Los Angeles; inc. 1870. Anaheim was founded by Germans in 1857 as an experiment in communal living. , Calif.--(BUSINESS WIRE)--Aug. 29, 1997--The Clothestime Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CTMEQ) Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant announced results for the second quarter ended July July: see month. 26, 1997. Sales for the second quarter were $46.3 million, compared with $59.5 million for the same period last year. For the first six months of fiscal 1997, total sales were $88.8 million, compared with $103.2 million for the first six months of last year. Net income for the second quarter was $140,000, or 1 cent per share, compared with a net loss of $4.2 million, or 30 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , in the same quarter last year. For the first six months of fiscal 1997, the net loss was $3.2 million, or 23 cents per share, compared with a net loss of $10 million, or 71 cents per share, for the same period last year. Clothestime currently operates 264 women's apparel stores in 15 states, offering primarily in-season, moderately-priced sportswear, dresses and accessories, emphasizing fashion at a discount from department and specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" . -0-
The Clothestime Inc.
Summary Results of Operations (Unaudited)
(000's Omitted, Except Per Share Amounts)
Second Quarter Six Months Ended
July 26, July 27, July 26, July 27,
1997 1996 1997 1996
Net Sales $ 46,345 $ 59,492 $ 88,827 $103,159
Net Income/(Loss) 140 (4,189) (3,241) (10,041)
Income/(Loss) Per Share $ 0.01 $(0.30) $(0.23) $(0.71)
Average Shares
Outstanding 14,198 14,198 14,198 14,198
On Dec. 8, 1995, The Clothestime Inc. and five of its subsidiaries filed for protection under Chapter 11 of the U.S. Bankruptcy Code Bankruptcy Code may refer to:
CONTACT: The Clothestime Inc., Anaheim Douglas L. Pereira, 714/779-5881, ext. 2410 |
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