Elder-Beerman to Webcast Conference Call to Discuss Fourth Quarter and Fiscal 2000 Results.

Business Editors

DAYTON, Ohio--(BUSINESS WIRE)--March 21, 2001

The Elder-Beerman Stores Corp. (Nasdaq:EBSC) announced today that it will provide a live webcast of its conference call to discuss the company's fourth quarter and fiscal 2000 results at 11:00 a.m. Eastern Time on Thursday, March 22, 2001.

The call will be webcast live on the Investor Relations section of Elder-Beerman's web site at www.elder-beerman.com and on www.streetevents.com in a listen-only mode. A replay will be available online at those sites until midnight on March 27, 2001. For more information, call Gloria Siegler, Investor Relations, at 937-296-7339.

Please note: Certain "forward-looking statements" may be made during the conference call, 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: the ability to open new stores on schedule, including our new stores announced for 2001 in Plover, Wisconsin, Kohler, Wisconsin and DuBois, Pennsylvania; increasing price and product competition; fluctuations in consumer demand and confidence, especially during the Christmas shopping season and in light of current economic conditions regarding interest rates and the capital markets; the availability and mix of inventory; fluctuations in costs and expenses; consumer response to the company's new merchandising strategies, advertising, marketing and promotional programs; the ability of the company to achieve its expense cutting initiatives as it implements its strategic plan; the timing and effectiveness of new store openings, particularly its new concept stores opened in the Fall season of 2000 (Howell, Michigan; West Bend, Wisconsin; and Jasper, Indiana) and the new concept stores to be opened in 2001; the growing impact of electronic commerce; weather conditions that affect consumer traffic in stores, especially during the Christmas season; the continued availability and terms of financing; the outcome of pending and future litigation; consumer debt levels; the impact of any new consumer bankruptcy laws; 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.