Grossman's reports September sales and store location changes.CANTON Canton, cities, United States Canton. 1 City (1990 pop. 13,922), Fulton co., W central Ill., in the corn belt; inc. 1849. It is a trade and industrial center for a coal and farm area. 2 Town (1990 pop. 18,530), Norfolk co. , Mass.--(BUSINESS WIRE)--Oct. 5, 1995-- Grossman's Inc. (NASDAQ-GROS) reported September September: see month. 1995 sales of $76.2 million, 15.3% below sales of $90.0 million in September 1994. The Company operated 104 stores in 1995, as compared to 119 in 1994. Comparable store sales for September 1995 increased in its Contractors' Warehouse Division and declined in its Eastern Division, with total comparable store sales 8.5% below the 1994 level. Sales for the three months ended September 1995 totalled $194.1 million, 14.2% below the $226.1 for the same period in 1994. Comparable store sales for the three months ended September 1995 were 6.1% below the 1994 level. Sales for the nine months ended September 1995 totalled $514.8 million, 11.4% below the $581.3 for the same period in 1994. Comparable store sales for the nine months ended September 1995 were 3.9% below the 1994 level. The Company announced that in October October: see month. it will be opening a new Contractors' Warehouse store in Fort Wayne, Indiana “Fort Wayne” redirects here. For other uses, see Fort Wayne (disambiguation). Fort Wayne is a city in northeastern Indiana, USA and the county seat of Allen County. Fort Wayne is Indiana's second largest city after Indianapolis. and a Mr. 2nd's Bargain A reciprocal understanding, contract, or agreement of any sort usually pertaining to the loan, sale, or exchange of property between two parties, one of whom wants to dispose of an item that the other wants to obtain. Outlet store An outlet store or factory outlet is a retail store in which manufacturers sell their stock directly to the public through their own branded stores. The stores can be can be brick and mortar or online. in Braintree, Massachusetts For geographic and demographic information on the census-designated place Braintree, please see the article Braintree (CDP), Massachusetts. Braintree is a town in Norfolk County, Massachusetts, United States. The population was 33,828 at the 2000 census. . In addition, four owned underperforming stores are being closed in October, with no significant related store closing expense. Three of the stores are located in the Buffalo, 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 market, and the fourth store in Lawrenceville, New Jersey Lawrenceville is a census-designated place and unincorporated area located within Lawrence Township in Mercer County, New Jersey. As of the United States 2000 Census, the CDP population was 4,081. Lawrenceville is located roughly halfway between Princeton and Trenton. . The Company also announced that it would be restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and reducing its administrative functions during the fourth quarter. Overhead expenses are expected to decline significantly, resulting from efficiencies gained during the recent relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. of the Company's home office facility, changes within the Company's store structure and other cost saving measures. The following divisional information was released:
September September
1995 1994
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SALES (in millions)
Grossman's Stores
Retail Sales $23.5 $36.9
Professional Sales 20.0 25.4
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Total Grossman's Stores 43.5 62.3
Mr. 2nd's Bargain Outlet Stores 4.6 4.5
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Total Eastern Division 48.1 66.8
Contractors' Warehouse Division 28.1 23.2
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Total Grossman's Inc. $76.2 $90.0
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% OF TOTAL SALES
Grossman's Stores
Retail Sales 30.8% 41.1%
Professional Sales 26.3 28.2
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Total Grossman's Stores 57.1 69.3
Mr. 2nd's Bargain Outlet Stores 6.0 5.0
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Total Eastern Division 63.1 74.3
Contractors' Warehouse Division 36.9 25.7
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Total Grossman's Inc. 100.0% 100.0%
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SALES % INCREASE (DECREASE)
VERSUS PRIOR YEAR
Grossman's Stores
Retail Sales (36.3)% (13.6)%
Professional Sales (21.3) (3.4)
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Total Grossman's Stores (30.2) (9.7)
Mr. 2nd's Bargain Outlet Stores 2.2 (8.2)
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Total Eastern Division (28.0) (9.6)
Contractors' Warehouse Division 21.1 8.9
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Total Grossman's Inc. (15.3)% (5.5)%
======= =======
-0-
September September
1995 1994
--------- ---------
COMPARABLE STORE SALES % INCREASE
(DECREASE) VERSUS PRIOR YEAR
Grossman's Stores
Retail Sales (23.4)% (0.5)%
Professional Sales (7.0) 23.3
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Total Grossman's Stores (16.6) 8.0
Mr. 2nd's Bargain Outlet Stores - 7.1
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Total Eastern Division (15.4) 8.0
Contractors' Warehouse Division 8.2 -
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Total Grossman's Inc. (8.5)% 5.9 %
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NUMBER OF STORES AT MONTH END
Grossman's Stores 71 89
Mr. 2nd's Bargain Outlet Stores 19 18
Contractors' Warehouse Division 14 12
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Total Number of Stores 104 119
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-0-
Three Months Nine Months
Ended September Ended September
-------------- ---------------
1995 1994 1995 1994
---- ---- ---- ----
SALES (in millions)
Grossman's Stores
Retail Sales $ 59.9 $ 92.6 $155.5 $230.0
Professional Sales 51.5 63.0 135.3 156.6
------ ------ ------ ------
Total Grossman's Stores 111.4 155.6 290.8 386.6
Mr. 2nd's Bargain Outlet Stores 12.0 11.7 36.9 32.9
------ ------ ------ ------
Total Eastern Division 123.4 167.3 327.7 419.5
Contractors' Warehouse Division 70.7 58.8 187.1 161.8
------ ------ ------ ------
Total Grossman's Inc. $194.1 $226.1 $514.8 $581.3
====== ====== ====== ======
% OF TOTAL SALES
Grossman's Stores
Retail Sales 30.8 % 40.9 % 30.2 % 39.6 %
Professional Sales 26.5 27.9 26.3 26.9
------ ------ ------ ------
Total Grossman's Stores 57.3 68.8 56.5 66.5
Mr. 2nd's Bargain Outlet Stores 6.2 5.2 7.2 5.7
------ ------ ------ ------
Total Eastern Division 63.5 74.0 63.7 72.2
Contractors' Warehouse Division 36.5 26.0 36.3 27.8
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Total Grossman's Inc. 100.0 % 100.0 % 100.0 % 100.0 %
====== ====== ====== ======
SALES % INCREASE (DECREASE)
VERSUS PRIOR YEAR
Grossman's Stores
Retail Sales (35.3)% (16.4)% (32.4)% (19.4)%
Professional Sales (18.3) (8.4) (13.6) (12.2)
------ ------ ------ ------
Total Grossman's Stores (28.4) (13.4) (24.8) (16.6)
Mr. 2nd's Bargain Outlet Stores 2.6 (4.9) 12.2 (7.9)
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Total Eastern Division (26.2) (12.8) (21.9) (16.0)
Contractors' Warehouse Division 20.2 5.4 15.6 13.0
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Total Grossman's Inc. (14.2)% (8.7)% (11.4)% (9.5)%
====== ====== ====== ======
-0-
Three Months Nine Months
Ended September Ended September
--------------- --------------
1995 1994 1995 1994
---- ---- ---- ----
COMPARABLE STORE SALES % INCREASE
(DECREASE) VERSUS PRIOR YEAR
Grossman's Stores
Retail Sales (21.0)% (4.0)% (15.9)% (5.6)%
Professional Sales (3.4) 19.3 3.0 16.8
------ ------ ------ ------
Total Grossman's Stores (13.7) 4.3 (8.0) 2.4
Mr. 2nd's Bargain Outlet Stores - 10.4 4.0 2.9
------ ------ ------ ------
Total Eastern Division (12.6) 53.1 (7.0) 2.4
Contractors' Warehouse Division 9.4 (2.7) 2.6 (5.1)
------ ------ ------ ------
Total Grossman's Inc. (6.1)% 2.8 % (3.9)% 0.5 %
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Grossman's, a major retailer of lumber lumber, term for timber that has been cut into boards for use as a building material. The major steps in producing lumber involve logging (the felling and preparation of timber for shipment to sawmills), sawing the logs into boards, grading the boards according to and building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . , operates 100 stores in eight Northeastern north·east n. 1. Abbr. NE The direction or point on the mariner's compass halfway between due north and due east, or 45° east of due north. 2. An area or region lying in the northeast. 3. states, Ohio, Indiana Indiana, state, United States Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W). , California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and Nevada Nevada (nəvăd`ə, –vä–), far western state of the United States. It is bordered by Utah (E), Arizona (SE), California (SW, W), and Oregon and Idaho (N). under the names Grossman's, Contractors' Warehouse and Mr. 2nd's Bargain Outlet outlet /out·let/ (-let) a means or route of exit or egress. pelvic outlet the inferior opening of the pelvis. , and three home improvement centers in Massachusetts Massachusetts (măsəch  `sĭts), most populous of the New England states of the NE United States. under the name Project-Pro's.
CONTACT: Grossman's, Canton Steven Ste´ven n. 1. Voice; speech; language. Ye have as merry a steven As any angel hath that is in heaven. - Chaucer. 2. An outcry; a loud call; a clamor. To set steven to make an appointment. L. Shapiro Sha·pir·o , Karl Jay 1913-2000. American poet and critic known for his early poems concerning World War II and his later works in free verse. , 617/830-4020 |
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