Crown Books Corp. announces sales.LANDOVER, Md.--(BUSINESS WIRE)--May 13, 1997--Crown Books Corp. (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 :CRWN CRWN Composite Reconfigurable Wireless Network ) reported that sales increased 6.5% to $66,555,000 for the 13 weeks ended May 3, 1997 compared to $62,492,000 for the 13 week period ended May 4, 1996. Sales for comparable stores (stores open more than 13 months) for the same 13 week period decreased (3.0%) compared to the same 13 week period last year. Comparable store sales for all superstores This is a list of superstores by country. Multi-national
Crown's superstores consist of the original superstores of 6,000 square feet and larger, and the new superstore su·per·store n. A very large retail store that stocks highly diversified merchandise, such as groceries, toys, and camera equipment, or a wide variety of mechandise in a specific product line, such as computers or sporting goods. prototype targeted to occupy 15,000 square feet. The new superstore prototype was implemented for stores opening in April 1994 and thereafter. When replacement store sales (sales for stores that have been open for less than 13 months are compared to the related closed classic stores in the same trade area for the prior year) for the same 13 week period are included, total comparable store sales increased 1.7%, all superstores comparable store sales increased 2.6% and new prototype superstores comparable store sales increased 13.3%. "During the first quarter, we opened four new prototype stores and signed two leases for our entry into the Dallas/Fort Worth market," said Steve Stevens Steve Stevens (born as Steve Schneider on May 5, 1959, in Brooklyn, New York) is an American guitarist and songwriter. He is best known for playing for other artists (most notably Billy Idol and Vince Neil) and less known, but critically acclaimed for his solo efforts , president and chief executive officer. "Our strategy of replacing our smaller units with the larger new store prototype is causing slight cannibalization can·ni·bal·ize v. can·ni·bal·ized, can·ni·bal·iz·ing, can·ni·bal·iz·es v.tr. 1. To remove serviceable parts from (damaged airplanes, for example) for use in the repair of other equipment of the same in our existing stores, with the added future benefit of increasing our overall market share. "We are committed to our ongoing investments in technology, infrastructure and new store design. We continue to believe these investments will position Crown Books Crown Books was a bookseller based in Largo, Maryland. It was founded in the Washington, D.C. metro area by Robert Haft in 1977. History Overview Crown Books was founded in the Washington, D.C. for the future and will greatly enhance our consumer offering." Crown Books operates 170 book stores, including 112 Super Crown stores, in the Washington, D.C. metropolitan area; California; Houston; Chicago; and Seattle, compared with 167 stores, including 86 Super Crown stores, in operation one year ago. CONTACT: Crown Books Corp. by Ein Communications, 202/223-2922 |
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