Elder-Beerman Department Stores Total Sales Increase 14.8% for June; June Comparable Sales for Department Stores Decreased 0.5%.DAYTON, Ohio--(BUSINESS WIRE)--July 8, 1999-- The Elder-Beerman Stores Corp. (Nasdaq NM:EBSC EBSC Elder-Beerman Stores Corp. EBSC East Bay Sanctuary Covenant (Berkeley, CA) EBSC Embedded Bitmap Scaling EBSC Elmbrook Swim Club (Brookfield, Wisconsin) EBSC English Bay Swim Club ) today announced its sales results for the five-week period ended July 3, 1999. June total department store sales, including sales for the eleven retained Stone & Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs stores, increased 14.8 percent over June 1998 to $51.4 million. Comparable sales for Elder-Beerman department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. for June, including the Dayton Mall Dayton Mall is a shopping mall located in Dayton, Ohio. The Dayton Mall is one of the last remaining malls in Montgomery County. It is in the township of Miami near the suburbs of Centerville, Miamisburg, and West Carrollton, Ohio. flagship store, decreased 0.5 percent from last year. Total consolidated sales, including both the Bee-Gee Shoe Division and the eleven retained Stone & Thomas stores, increased 13.5 percent to $54.3 million. On a consolidated basis, including Bee-Gee, June comparable sales decreased 0.5 percent. Elder-Beerman also reported that total sales for its Bee-Gee Shoe Division for the month were $2.9 million, a decrease of 5.5 percent from June 1998. Comparable sales for Bee-Gee in June increased 0.2 percent over the same period last year. The Company noted that, despite the comparable store sales decrease for June, businesses that performed well were cosmetics cosmetics, preparations externally applied to change or enhance the beauty of skin, hair, nails, lips, and eyes. The use of body paint for ornamental and religious purposes has been common among primitive peoples from prehistoric times (see body-marking). , ladies' better and special size sportswear, junior sportswear and intimate apparel. The nation's eighth largest independent department store chain, The Elder-Beerman Stores Corp. operates 60 stores in Ohio, West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. , Indiana Indiana, state, United States Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W). , Michigan Michigan (mĭsh`ĭgən), upper midwestern state of the United States. It consists of two peninsulas thrusting into the Great Lakes and has borders with Ohio and Indiana (S), Wisconsin (W), and the Canadian province of Ontario (N,E). , Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. , Kentucky, Wisconsin and Pennsylvania. Headquartered in Dayton, Ohio Dayton is a city in southwestern Ohio, United States. It is the county seat and largest city of Montgomery County. As of the 2005 census estimate, the population of Dayton was 158,873. , Elder-Beerman reported total revenues of $658.0 million and net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight from store operations of $632.4 million in 1998. Elder-Beerman also operates two furniture superstores This is a list of superstores by country. Multi-national
Note: See attached table of sales comparison figures. -0-
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(dollars in millions) JUNE
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1999 1998 Total Comparable
Sales Sales Sales Sales
(unaudited) Change(a) Change
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Department Store Division $51.4(b) $44.8 14.8%(b) (0.5%)
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Bee-Gee Shoe Division $2.9 $3.1 (5.5%) 0.2%
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Elder-Beerman Stores Corp. $54.3(b) $47.9 13.5%(b) (0.5%)
(Consolidated company)
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(dollars in millions) YEAR TO DATE
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1999 1998 Total Comparable
Sales Sales Sales Sales
(unaudited) Change(a) Change
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Department Store Division $240.2(c) $203.6 17.9%(c) 2.3%
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Bee-Gee Shoe Division $12.3 $13.3 (7.1%) (4.8%)
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Elder-Beerman Stores Corp. $252.5(c) $216.9 16.4%(c) 1.9%
(Consolidated company)
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(a) Percentages may not correspond to the sales figures shown due to
rounding of sales figures.
(b) Includes sales of $6.0 million for the eleven former Stone &
Thomas stores.
(c) Includes sales of $27.8 million for the eleven former Stone &
Thomas stores.
This press release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ," including predictions of future operating performance, events or developments such as our future sales, profits, expenses, income and earnings per share. In addition, words such as "expects," "anticipates," "intends," "plans," "believes," "hopes," and "estimates," and variations of such words and similar expressions, are intended to identify forward-looking statements. Because forward-looking statements are based on a number of beliefs, estimates and assumptions by management that could ultimately prove inaccurate, there is no assurance that forward-looking statements will prove to be accurate. Many factors could materially affect our actual future operations and results, including the following: increasing price and product competition; fluctuations in consumer demand and confidence; the availability and mix of inventory; fluctuations in costs and expenses; the effectiveness of advertising, marketing and promotional programs; weather conditions that affect consumer traffic in stores; the continued availability and terms of financing; the outcome of pending and future litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; consumer debt levels; and other general economic conditions that affect retail operations and sales, such as the rate of employment, inflation and interest rates and the condition of the capital markets. Elder-Beerman undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. |
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