Federated comp sales increase 4.9% in October.CINCINNATI--(BUSINESS WIRE)--Nov. 7, 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 $1,091.1 million for the four weeks ended November 2, 1996, a decrease of 1.6 percent from total sales of $1,109.1 million for the same four-week period last year. On a comparable-store basis, Federated's October 1996 sales increased 4.9 percent. (Note: October 1995 total sales reflect revenue from all of the 82 Broadway Stores, Inc. stores acquired by Federated Connected and treated as one. See federated database and federated directories. last year, while total sales for October 1996 reflect only the revenues from those Broadway store properties that subsequently were converted to Federated nameplates and remain open -- 52 stores as of November 2.) For the third quarter, the company's sales totaled $3,609.8 million, a decrease of 3.7 percent from total sales of $3,748.4 million in the same 13-week period last year, during which all 82 Broadway properties were operating. On a comparable-store basis, sales in the quarter were up 2.5 percent over the prior year's third quarter. For the year to date, Federated reported total sales of $10,194.7 million, an increase of 4.2 percent over sales of $9,783.6 million in the same 39-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 2.7 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 the company was pleased with its October results. 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 operate nationally under the names 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. , Burdines, Goldsmith's, Lazarus, Macy's, Rich's and Stern's. -0- (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 1-800-853-9150.) CONTACT: Federated Department Stores Inc. Media: Carol Sanger, 513/579-7764 Investor: Susan Robinson, 513/579-7780 |
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