NOVEMBER 1993 SALES INCREASE 15.3 PERCENT FOR VENTURE STORES, INC.
O'FALLON, Mo., Dec. 2 /PRNewswire/ -- Venture Stores, Inc. reported sales for November 1993 (4 weeks ended November 27, 1993) of $199.2 million, an increase of 15.3 percent over last November (4 weeks ended November 28, 1992) sales of $172.7 million. Comparable store sales for the period increased 4.1 percent. Year-to-date sales through November (43 weeks ended November 27, 1993) were $1,412.3 million, an increase of 7.4 percent from $1,315.5 million for the same period last year (43 weeks ended November 28, 1992). Year-to-date comparable stores sales decreased 0.1 percent. (MILLIONS) PERIODS ENDED PERCENT INC/(DEC) Nov. 27, Nov. 28, Total Comparable 1993 1992 Store Store 4 WEEKS $ 199.2 $ 172.7 15.3% 4.1% 43 WEEKS $ 1,412.3 $ 1,315.5 7.4% -0.1% Commenting on November results, Julian Seeherman, Chairman and Chief Executive Officer said, "We are very satisfied with our November sales performance. The month started out strong and remained that way throughout. The two days after Thanksgiving were quite good despite some bad weather on Friday in a few of our markets. Warm-up suits, flannel shirts, jewelry, bed linens and electronics were strong sellers in November. We continue to be pleased with the performance of our Texas stores, including our newest store which opened in Arlington in October. With the extra day in the Christmas season this year, we expect shopping to be later than last year and we are planning our business with that in mind." Venture operates 104 quality discount retail stores in Illinois, Missouri, Kansas, Indiana, Oklahoma, Arkansas, Iowa, Kentucky and Texas. Venture's common stock is traded on the New York Stock Exchange under the symbol VEN. -0- 12/2/93 R /CONTACT: Jack Burtelow of Venture Stores, 314-281-7800/ (VEN)
CO: Venture Stores, Inc. ST: Missouri IN: REA SU: SLS
LG -- NY018R -- 9658 12/02/93 09:16 EST
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|Date:||Dec 2, 1993|
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