Federated October Comp-Sales Decline 1.9 Percent.CINCINNATI--(BUSINESS WIRE)--Nov. 5, 1998--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 $1,101 million for the four weeks ended October 31, 1998, a decrease of 2.7 percent over total sales of $1,131 million for the same period last year. On a comparable-store basis, October sales were down 1.9 percent. For the third quarter, sales totaled $3,646 million, a decrease of 2.7 percent from total sales of $3,746 million for the same 13-week period last year. Excluding the 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" division, which was sold at the end of July, sales declined 1.3 percent from the same period last year. On a comparable-store basis, sales in the third quarter decreased 1.3 percent. For the year to date, Federated's sales totaled $10,625 million, an increase of 0.2 percent from total sales of $10,608 million in the same year-to-date period last year, or an increase of 0.6 percent excluding specialty stores. On a comparable-store basis, Federated's year-to-date sales increased 1.3 percent. James M. Zimmerman, chairman and chief executive officer of Federated Connected and treated as one. See federated database and federated directories. , said the company's October results continued to reflect a weak apparel sales trend that began in September, which has the ancillary Subordinate; aiding. A legal proceeding that is not the primary dispute but which aids the judgment rendered in or the outcome of the main action. A descriptive term that denotes a legal claim, the existence of which is dependent upon or reasonably linked to a main claim. impact of reducing in-store traffic and overall sales. "Although we continue to be somewhat puzzled by the unanticipated weakness in sales we are experiencing this fall, we believe that unseasonably warm temperatures in much of the country, along with a slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in the economy and a decline in consumer confidence levels certainly are factors," Zimmerman said. "While September and October sales will affect our ability to achieve our annual sales target, it remains to be seen whether these circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or will carry over into the fourth quarter. We believe we have prepared very effectively for the fourth quarter and still are hopeful that the recent sales trend will change." 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 $15.6 billion. Federated's more than 400 department stores operate nationally under the names Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus, Macy's, Rich's and Stern's. The company also operates Internet and direct mail catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. subsidiaries. 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 1-800-853-9150.) (NOTE: Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. contained in this release involve risks and uncertainties that could cause actual results to differ materially from those contemplated by those statements. Factors that could cause such differences include the risks associated with retailing generally, transactional effects and other investment considerations described from time to time by the company in its filings with the Securities and Exchange Commission.) |
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