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Ames Announces Planned Store Openings for Spring 2001; Ames Will Open Five New Stores Across Four States on March 29.

Business Editors

ROCKY HILL, Conn.--(BUSINESS WIRE)--March 15, 2001

Ames Department Stores, Inc. (NASDAQ: AMES) announced today the planned opening of five new stores for later this month.

Located in Illinois, Indiana, Ohio and New Jersey, the five new Ames stores will help solidify the retailers market presence in Mid-West and Mid-Atlantic regions.

Ames Chairman and Chief Executive Officer, Joseph R. Ettore said, "We're pleased to be opening stores in these communities. The 26 stores we opened in 2000 have been strong performers for the Company, and we're confident these new locations will further solidify our position as the nation's leading regional discount department store."

The new Ames stores will celebrate their Grand Openings in the following locations.

In Illinois and Indiana

The Scottsdale Shopping Center, 7975 South Cicero Avenue in Chicago, and North Park Mall, 250 West North Avenue in the city's northwest suburb of Villa Park, will welcome new Ames stores, as will the northeast suburb of Gary, Indiana, at Village Shopping Center, 3440 Village Court. Together, these locations increase the greater-Chicago area Ames store count to thirteen openings since September 2000.

In Ohio

An additional location in Columbus, at Southwest Square Shopping Center, 2189 Eakin Road, will be Ames' third entry into that growing market in less than a year. All three were new construction projects.

In New Jersey

Brunswick Shopping Center, at 536 Milltown Road in North Brunswick will be home to that town's first Ames store, expanding the discount retail shopping options to consumers in north-central New Jersey.

"We believe these stores are important, necessary steps for ensuring controlled growth in 2001," Ettore continued. "We are looking forward to great openings and anticipate good performance from these stores."

Ames Department Stores, Inc., a Fortune-500(R) company, is the nation's largest regional, full-line discount retailer with annual sales of approximately $4 billion. With 447 stores in the Northeast, Mid-Atlantic and Mid-West, Ames offers value-conscious shoppers quality, name-brand products across a broad range of merchandise categories. For more information about Ames, visit www.AmesStores.com or www.espanol.AmesStores.com.

Ames Department Stores press releases and financial news releases are available on-line through the Investor Relations page of the Company web-site at www.AmesStores.com.

To find the location of the Ames store nearest you, dial 1-800-SHOP-AMES.
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Publication:Business Wire
Geographic Code:1USA
Date:Mar 15, 2001
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