Clothestime Announces Third 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)--Nov. 16, 1995--The Clothestime Inc. (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 :CTME) today announced results for the third quarter ended Oct. 28, 1995. Sales for the quarter decreased two percent to $78.7 million compared to $80.4 million last year. Comparable store sales increased two percent for the quarter. Net loss for the quarter was $2.3 million or $0.16 per share compared with a net income of $145 thousand, or $0.01 per share in the same quarter last year. For the first nine months of Fiscal 1995, total sales decreased seven percent to $240.4 million from $257.4 million in the first nine months of last year. Comparable store sales decreased 7 percent on a year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. basis. Net loss was $7.1 million, or $0.50 per share versus net loss of $2.7 million, or $0.19 per share for the same period last year. The Clothestime Inc. operates two selling divisions, Clothestime Stores and Lingerie Time. Clothestime Stores currently operates 529 women's apparel stores in 21 states and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , 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" . Lingerie Time currently operates nine women's, value-priced intimate apparel stores in two states, offering brand name merchandise MERCHANDISE. By this term is understood all those things which merchants sell either wholesale or retail, as dry goods, hardware, groceries, drugs, &c. It is usually applied to personal chattels only, and to those which are not required for food or immediate support, but such as remain at a discount from suggested manufacturers' retail prices.
The Clothestime Inc.
Summary Results of Operations (unaudited)
(000's Omitted, Except Per Share Data)
Third Quarter
Thirteen Weeks Ended Thirty-Nine Weeks Ended
Oct. 28, Oct. 29, Oct. 28, Oct. 29,
1995 1994 1995 1994
Net Sales $78,738 $80,401 $240,368 $257,366 Net Income/(Loss) $(2,299) $ 146 $ (7,098) $ (2,736) Earnings/(Loss) Per Share $ (0.16) $ 0.01 $ (0.50) $ (0.19) Average Shares Outstanding 14,194 14,303 14,188 14,155 CONTACT: The Clothestime Inc., Anaheim Jeff Dake, 714/779-5881, ext. 2255 |
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