Elder-Beerman Reports January and Fiscal Year 2000 Sales.Business Editors DAYTON Dayton, city (1990 pop. 182,044), seat of Montgomery co., SW Ohio, on the Great Miami River where it is joined by the Stillwater River; inc. 1805. It is the trade center for a fertile farm area, but is best known for its involvement with industry, invention, and , Ohio--(BUSINESS WIRE)--Feb. 8, 2001 The Elder-Beerman Elder-Beerman is a U.S. chain of department stores founded in 1883 and owned by The Bon-Ton. The chain is based primarily in the United States' Midwest region. | History Beginnings Stores Corp. (Nasdaq: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 ) sales were $31.8 million for the five-week period ended February February: see month. 3, 2001. Sales for the 14 week quarter were $228.6 million and sales for the 53 week year were $656.2 million. Because Elder-Beerman's 2000 fiscal year included 53 weeks compared to 52 weeks in 1999, the company is comparing total and comparable sales results to last year on a 52 week basis to provide a meaningful comparison. On a four week basis, January January: see month. total department store sales increased 0.2 percent compared to January 2000. Comparable store sales decreased 2.0% percent compared to the same period last year. The best performing businesses in January were ladies moderate sportswear, junior sportswear, intimate apparel, furniture, domestics and decorative home. Fourth quarter total sales on a 13 week basis increased 1.7 percent compared to the same period last year. Fourth quarter comparable sales decreased 0.7 percent compared to the same period last year. For fiscal 2000, on a 52 week basis, total sales increased 2.1 percent over 1999 sales. Comparable sales decreased 0.8 percent versus 1999. The nation's ninth largest independent department store chain, The Elder-Beerman Stores Corp. is 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. and operates 62 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 Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. , Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee and Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York , and has announced Spring and Fall 2001 openings of three new stores. Elder-Beerman also operates two furniture galleries. For more information about the company see Elder-Beerman's web site at www.elder-beerman.com. Note: See attached table of sales comparison figures.
----------------------------------------------------------------------
(dollars in millions) JANUARY (5 WEEKS)(a)
-------------------------- -------------------------------------------
2000 Sales 1999 Sales Total Sales
(unaudited) Change(b)
-------------------------- ------------- -------------- --------------
The Elder-Beerman Stores $31.8 $26.6 19.4%
Corp.
----------------------------------------------------------------------
----------------------------------------------------------------------
(dollars in millions) FOURTH QUARTER (14 WEEKS)(a)
-------------------------- ------------------------------------------
2000 Sales 1999 Sales Total Sales
(unaudited) Change(b)
-------------------------- ------------- -------------- --------------
The Elder-Beerman Stores $228.6 $219.8 4.0%
Corp.
----------------------------------------------------------------------
----------------------------------------------------------------------
(dollars in millions) FISCAL 2000 (53 WEEKS)(a)
-------------------------- -------------------------------------------
2000 Sales(b) 1999 Sales Total Sales
(unaudited) Change(b)
-------------------------- ------------- -------------- --------------
The Elder-Beerman Stores $656.2 $637.8 2.9%
Corp.
----------------------------------------------------------------------
----------------------------------------------------------------------
(dollars in millions) JANUARY (FOUR WEEKS)(a)(c)
-------------------------- -------------------------------------------
2000 1999 Total Comparable
Sales Sales Sales Sales
(unaudited) Change(b) Change(b)
-------------------------- --------- --------- ----------- -----------
The Elder-Beerman Stores $26.7 $26.6 0.2% (2.0%)
Corp.
----------------------------------------------------------------------
----------------------------------------------------------------------
(dollars in millions) FOURTH QUARTER (13 WEEKS)(a)(c)
-------------------------- -------------------------------------------
2000 1999 Total Comparable
Sales Sales Sales Sales
(unaudited) Change(b) Change(b)
-------------------------- --------- --------- ----------- -----------
The Elder-Beerman Stores $223.5 $219.8 1.7% (0.7%)
Corp.
----------------------------------------------------------------------
----------------------------------------------------------------------
(dollars in millions) FISCAL 2000 (52 WEEKS)(a)(c)
-------------------------- ------------------------------------------
2000 1999 Total Comparable
Sales(b) Sales Sales Sales
(unaudited) Change(c) Change(c)
-------------------------- --------- --------- ----------- -----------
The Elder-Beerman Stores $651.0 $637.8 2.1% (0.8%)
Corp.
----------------------------------------------------------------------
(a) All sales figures exclude leased department sales.
(b) Percentages may not correspond to the actual sales figures due to
rounding of sales figures.
(c) Sales comparisons are based upon a 52 week year excluding the 53rd
week in January to provide a meaningful comparison to 1999.
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion