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. 17, 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) Thursday Thursday: see week. announced results for the second quarter ended July July: see month. 29, 1995. Sales for the quarter decreased five percent to $89.3 million compared to $93.4 million last year. Comparable store sales decreased five percent for the quarter. Net loss for the quarter was $449 thousand or $0.03 per share compared with a net loss of $3.6 million, or $0.25 per share in the same quarter last year. For the first six months of Fiscal 1995, total sales decreased nine percent to $161.6 million from $177.0 million in the first six months of last year. Comparable store sales decreased 11 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 $4.8 million, or $0.34 per share versus net loss of $2.9 million, or $0.20 per share for the same period last year. The Clothestime Inc. operates two selling divisions, Clothestime Stores and Lingerie Time. Clothestime Stores currently operates 545 women's apparel stores in 22 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 at a discount from suggested manufacturers' retail prices.
The Clothestime Inc.
Summary Results of Operations (unaudited)
(000's Omitted, Except Per Share Data)
Second Quarter Six Months Ended
July 29, July 30, July 29, July 30,
1995 1994 1995 1994
Net Sales $89,282 $93,449 $161,629 $176,965 Net Loss $ 449 $ 3,551 $ 4,799 $ 2,881 Loss Per Share $ 0.03 $ 0.25 $ 0.34 $ 0.20 Average Shares Outstanding 14,187 14,368 14,185 14,466 CONTACT: The Clothestime Inc., Anaheim Jeff Dake, 714/779-5881, ext. 2255 |
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