Federated comp sales up 6.2% in April.CINCINNATI--(BUSINESS WIRE)--May 8, 1997--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 $1,061.7 million for the four weeks ended May 3, 1997, an increase of 7.2 percent over total sales of $990.5 million for the same April period last year. On a comparable-store basis, Federated's April sales increased 6.2 percent. For the first three months of fiscal 1997, Federated's sales totaled $3,409.7 million, an increase of 3.3 percent over sales of $3,300.7 million in the first 13 weeks of last year. On a comparable-store basis, sales for the quarter and year to date increased 2.5 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, "As we noted last month, because of shifts in the promotional calendar brought about by an early Easter this year, it is necessary to look at March-April together to get an accurate picture of our early spring performance. Together, our comp-store sales in the two-month period were up 2.6 percent, which is in line with our March-April expectations." Questrom added that unseasonably cold weather in some parts of the country negatively impacted the sales of warmer weather apparel in April, keeping the sales increase for the month at the lower end of what had been anticipated. Federated Connected and treated as one. See federated database and federated directories. , 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 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.) CONTACT: Federated Department Stores, Inc. Media - Carol Sanger, 513/579-7764 Investor - Susan Robinson, 513/579-7780 |
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