FILENE'S BASEMENT REPORTS JULY SALES
FILENE'S BASEMENT REPORTS JULY SALES WELLESLEY, Mass., Aug. 6 /PRNewswire/ -- Filene's Basement Corp.
(NASDAQ: BSMT) today reported net sales for the four-week period ending Aug. 1, 1992, of $26.8 million, an increase of 12 percent from sales of $23.9 million for the same period in 1991. Comparable store sales for the four weeks were down 2 percent from the same period last year.
Sales for the six months ended Aug. 1, 1992, were $218.6 million or 11 percent ahead of $196.3 million for the prior year period. Comparable store sales for the six-month period were down 2 percent vs. the first six months of 1991. Filene's Basement Corp. operates specialty stores which offer focused, quality-branded assortments of men's and women's apparel at discount prices. The company operates 40 stores, primarily in the Northeast corridor and in the greater metropolitan Chicago market. -0- 8/6/92 /CONTACT: Gary Crittenden, senior vice president of Filene's Basement, 617-348-7156/ (BSMT) CO: Filene's Basement Corporation ST: Massachusetts IN: REA SU:
CH -- NE002 -- 7463 08/06/92 09:41 EDT
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|Date:||Aug 6, 1992|
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