Clothestime announces first 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)--June 6, 1997--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 :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 first quarter ended April 26, 1997. Sales for the quarter were $42.5 million compared with $43.7 million last year. Net loss for the quarter was $3.4 million, compared with a net loss of $5.9 million for the same period last year. Loss per share was $0.24 compared with a $0.41 loss per share for the same period last year. Clothestime Stores currently operates 322 women's apparel stores in 17 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" . -0-
The Clothestime Inc.
Summary Results of Operations (Unaudited)
(000's Omitted, Except Per Share Amounts)
Period Ending
April 26, 1997 April 27, 1996
Net Sales $42,482 $43,667
Net Loss $ 3,380 $ 5,852
Loss Per Share $ 0.24 $ 0.41
Average Shares Outstanding 14,198 14,198
On Dec. 8, 1995, The Clothestime Stores Inc., and five of its subsidiaries filed for protection under Chapter 11 of the U.S. Bankruptcy Code Bankruptcy Code may refer to:
CONTACT: Clothestime Inc. Douglas L. Pereira, 714/779-5881, Ext. 2410 |
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