Family Bargain Corporation Announces December and Year-To-Date Sales.SAN DIEGO--(BUSINESS WIRE)--Jan. 2, 1997--FAMILY BARGAIN CORPORATION (Nasdaq Symbol: FBAR FBAR Film Bulk Acoustic Resonator FBAR Foreign Bank Account Report FBAR First Born Anal Retentive , Nasdaq Preferred Symbol: FBARP) today announced that December sales were $43.1 million versus $37.3 million reported for December of the prior year, a 16% increase. Year-to-date sales through December were $237.5 million compared to $170.2 million reported for the same period of the prior year, a 40% increase. December 1996 and 1995 sales include the sales of the 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 acquired by Family Bargain on November 10, 1995. December comparable stores sales (sales for stores operated by Family Bargain Corporation both this year and last year) increased 5.0%. Comparable store sales increased by 6.0% for the fiscal year-to-date. FAMILY BARGAIN CORPORATION operates 150 `Family Bargain Center' and `Factory 2-U' off-price retail stores which sell primarily first quality clothing for men, women and children, and household goods at prices which generally are significantly lower than the prices offered by its competitors. Stores are located in California, Arizona, 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). , Washington, Nevada, Texas Nevada is a city in Collin County, Texas, United States. The population was 563 at the 2000 census. First settled in 1835 by John McMinn Stambaugh and named McMinn Chapel and Oregon. CONTACT: Family Bargain Corporation Jeff Gerstel Chief Financial Officer 619/637-4180 or Investor Relations Investor relations The process by which the corporation communicates with its investors. Contact: John Nesbett, ext. 101 212/838-3777 |
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