FACTORY 2-U STORES, INC. To Donate Profit From Sales of T-Shirts to American Red Cross Disaster Relief Fund; Expects Donation to Reach $200,000.Business/News Editors & Lifestyle Writers SAN DIEGO--(BUSINESS WIRE)--Sept. 25, 2001 FACTORY 2-U Factory 2-U is a chain of department stores that are located mostly in the Western United States selling clothing, domestics, and merchandise, founded in 1962, originally private owned. They have 6000 employees with more than 10 stores. STORES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (Nasdaq: FTUS FTUS Full-Time Unit Support ) today announced a special purchase of "Patriotic Tee Shirts" which will be arriving in its stores momentarily. These shirts reflect the intense outpouring of National Spirit that has awakened in the country. Factory 2-U is donating all of the profits from the sale of the tee shirts, which is expected to reach $200,000, to the American Red Cross American Red Cross: see Red Cross. National Disaster Relief Fund. Mike Searles, Chairman and Chief Executive Officer, commented, "As a Company and as Americans, we continue to try and comprehend the horrific tragedies which occurred on September 11, 2001. We at Factory 2-U are doing our part to try and help rebuild the shattered lives of the families that have been left behind in the wake of this cowardly act." FACTORY 2-U STORES, INC. operates 268 "Factory 2-U" off-price retail stores which sell branded casual apparel for the family, as well as selected domestics and household merchandise at prices which generally are significantly lower than the prices offered by its discount competitors. The Company operates 4 stores in Alabama, 32 stores in Arizona, 2 stores in Arkansas, 62 stores in southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, , 61 stores in northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , 4 stores in Louisiana, 1 store in Mississippi, 2 stores in Missouri, 8 stores in Nevada, 10 stores in New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , 2 stores in Oklahoma, 14 stores in Oregon, 2 stores in Tennessee, 47 stores in Texas, and 17 stores in Washington. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, and actual results could differ materially from the Company's present expectations. Among the important factors that could cause actual results to differ materially from those indicated in the forward-looking statements are: customer demand and trends in the off-price apparel industry, the effect of economic conditions, the impact of competitive openings and pricing, supply constraints or difficulties, and other risks detailed in the Company's Securities and Exchange Commission filings. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion