JULY 1992 SALES INCREASE 20.5 PERCENT FOR VENTURE STORES
JULY 1992 SALES INCREASE 20.5 PERCENT FOR VENTURE STORES O'FALLON, Mo., Aug. 6 /PRNewswire/ -- Venture Stores, Inc.
(NYSE: VEN) reported sales for July 1992 (four weeks ended Aug. 1, 1992) of $116.5 million, an increase of 20.5 percent over last year (four weeks ended Aug. 3, 1991) sales of $96.7 million. Comparable store sales for the month increased 9.6 percent over last year.
Sales for the second quarter 1992 were up 14.2 percent to $387.0 million from $339.0 million a year ago. Comparable store sales increased 4.5 percent for the quarter. Year-to-date sales through July 1992 were $750.9 million, an increase of 14.9 percent from $653.8 million for the same period last year. Year-to-date comparable store sales increased 5.2 percent. VENTURE STORES, INC. (In millions) Periods 8/1/92 8/3/91 Percent Comparable store ended increase percent increase 4 Weeks $ 116.5 $ 96.7 20.5 9.6 13 Weeks $ 387.0 $ 339.0 14.2 4.5 26 Weeks $ 750.9 $ 653.8 14.9 5.2 Julian Seeherman, chairman and chief executive officer said, "We are extremely pleased with our July sales results. The apparel and home furnishings businesses both performed well, with summer clearance and early fall merchandise showing strong sales. We continue to be cautious regarding business conditions, but look optimistically towards the back-to-school season." Venture operates 92 quality discount retail stores in Illinois, Missouri, Kansas, Indiana, Oklahoma, Arkansas, Iowa and Kentucky. -0- 8/6/92 /CONTACT: Jack Burtelow of Venture Stores, 314-281-7800/ (VEN) CO: Venture Stores, Inc. ST: Missouri IN: REA SU:
TS -- NY026 -- 7478 08/06/92 09:54 EDT
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|Date:||Aug 6, 1992|
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