Federated May comp sales up 2.1%.CINCINNATI--(BUSINESS WIRE)--June 6, 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 $1,112.5 million for the four weeks ended June 1, 1996, an increase of 10.1 percent over total sales of $1,010.7 million for the same four-week period last year. On a comparable-store basis, Federated's sales increased 2.1 percent in May. For the year to date, Federated Connected and treated as one. See federated database and federated directories. reported total sales of $4,413.2 million, an increase of 10.4 percent over sales of $3,998.7 million in the same 17-week period last year. On a comparable-store basis, year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. sales increased 3.9 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, Federated's chairman and chief executive officer, said this year's May sales, which are being compared to an especially strong May last year, showed particular weakness in home-related categories. Questrom noted, however, that the assimilation Assimilation The absorption of stock by the public from a new issue. Notes: Underwriters hope to sell all of a new issue to the public. See also: Issuer, Underwriting Assimilation of Broadway stores into the Federated business continued to go well, adding that the company is pleased with the merger's progress and results to date. 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. With the conversion in late May of all Broadway, Emporium and Weinstock's stores to their new nameplates, Federated's department stores now operate under the names of Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus, Macy's, Rich's and Stern's. (NOTE: Information on Federated and its operating divisions is available on the Internet at http://www.federated-fds.com. Copies of past press releases and corporate background data also are available by calling Fax-On-Demand at 800/853-9150.) EDITORS NOTE: There is a double slash following "http:" in the World Wide Web addresses 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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