Federated March-April comp sales increase 2.7%.CINCINNATI--(BUSINESS WIRE)--May 9, 1996--Federated Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. today reported total sales of $990.3 million for the four weeks ended May 4, 1996, an increase of 6.1 percent over total sales of $933.6 million for the same April period last year. On a comparable-store basis, Federated's sales decreased 1.1 percent in April, following a 6.1 percent increase in March, which captured this year's pre-Easter sales. Federated's March-April comp-store sales increased 2.7 percent. The combined two-month sales figure allows for calendar adjustments that otherwise are distorted by variations in where holidays such as Easter fall. For the first three months of Fiscal 1996, Federated Connected and treated as one. See federated database and federated directories. reported total sales of $3,300.6 million, an increase of 10.5 percent over sales of $2,988.0 million in the same 13- week period last year. On a comparable-store basis, sales for the quarter ended May 4, 1996 increased 4.6 percent. Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. Questrom, chairman and chief executive officer of Federated, said that while the company was satisfied with its first quarter sales, they were somewhat negatively impacted by the company's efforts to gradually reduce the promotional nature of Federated's home-related businesses. Questrom said this is part of the company's strategy to offer the customer more credible pricing on a daily basis. Federated, with corporate offices in Cincinnati and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is one of the nation's leading department store retailers, with annual sales of more than $15 billion. Federated currently operates more than 400 department stores and 150 specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" in 36 states. Federated's department stores now operate under the names of Bloomingdale's, The Bon Marche Marche, region, Italy Marche (mär`kā) or the Marches, region (1991 pop. 1,429,205), 3,742 sq mi (9,692 sq km), E central Italy, extending from the eastern slopes of the Apennines to the Adriatic Sea. , Broadway, Burdines, Emporium, Goldsmith's, Lazarus, Macy's, Rich's, Stern's and Weinstock's. (NOTE: Information on Federated and its operating divisions is available on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at http://www.federated-fds.com. Copies of past press releases and corporate background data also are available by calling Fax-On-Demand at 1-800-853-9150.) EDITORS' NOTE: There is a double slash following "http:" in the World Wide Web address referenced above and below. This symbol may not appear properly in some systems. CONTACT: Federated Department Stores, Inc., Cincinnati Media - Carol Sanger, 513/579-7764 Investor - Susan Robinson, 513/579-7780 |
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