Family Bargain Corporation announces October and year-to-date sales.NEW YORK--(BUSINESS WIRE)--Oct. 29, 1996--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 October sales were $18.3 million versus $12.5 million reported for October of the prior year, a 46% increase. Year-to-date sales through October were $172.8 million compared to $114.8 million reported for the same period of the prior year, a 51% increase. October results include the sale of 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 14, 1995. October comparable stores sales (sales for stores operated by Family Bargain Corporation both this year and last year) increased 6.9%. Comparable store sales increased by 7.3% for the fiscal year-to-date. Family Bargain Corporation operates 147 `Family Bargain Center' and `Factory 2-U', off-price apparel retail stores which sell primarily first quality clothing for men, women and children, and household goods at prices which generally are significantly lower that 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: John A. Selzer or Investor Relations Investor relations The process by which the corporation communicates with its investors. Contact: Chief Executive Officer John Nesbett, ext. 101 212-980-9670 212-838-3777 |
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