CLOTHESTIME ANNOUNCES 12 STORE OPENINGS
CLOTHESTIME ANNOUNCES 12 STORE OPENINGS ANAHEIM, Calif., Aug. 5 /PRNewswire/ -- The Clothestime Inc.
(NASDAQ: CTME), a leader in the women's retail clothing industry, with 436 stores spanning the United States, will open 12 new stores across the country between Aug. 6 and 13, announced John Ortega II, chairman of the board.
"The openings are fueled by the company's strong performance during the past year and a half," Ortega said. "The success of Clothestime's retailing strategy, which focuses on providing in-season, high-quality, junior-size apparel at discounted prices, is evidenced by the company's 19 consecutive months of positive increases in same-store sales." The 12-store openings in the San Francisco, Chicago, Tucson, Ariz., Phoenix, San Diego, Los Angeles, New Orleans, Houston and Sacramento, Calif., areas come on the heels of Clothestime's announcement that it has reported 19 consecutive months of comparable-store sales increases. Clothestime plans to open 65 new stores in 1992, and plans to open another 75 stores in 1993, some of which will be in new geographical markets, including the New York metropolitan area. "Our stores across the United States are doing very well," Ortega said. "We've combined economic sense with style and quality, a combination that seems to be successful across the country." Clothestime's new sites include: a 3,438-square-foot location in San Francisco; a 4,255-square-foot location in North Highlands, Calif.; a 4,000-square-foot location in Chicago; a 3,562-square-foot location in Tucson, Ariz.; a 4,120-square-foot location in Nogales, Ariz.; a 3,950-square-foot location in Prescott, Ariz.; a 3,200-square-foot location in San Diego; a 4,000-square-foot location in Monterey Park, Calif.; a 5,360-square-foot location in Kenner, La.; a 4,358-square-foot location in Harahan, La.; a 4,165-square- foot location in Houston; and a 3,025-square-foot location in Studio City, Calif. The Clothestime Inc. operates 436 women's apparel stores in 18 states, offering primarily in-season, moderately priced sportswear, dresses and accessories, emphasizing brand names at a substantial discount from the more upscale department and specialty stores. The Clothestime Inc.'s common stock is traded over the counter under the NASDAQ symbol "CTME." -0- 8/5/92 /CONTACT: Kirsten Belcher of Gloria Zigner & Associates, 714-545-1990, for Clothestime/ (CTME) CO: The Clothestime Inc. ST: California IN: REA SU:
BP-AL -- LA003 -- 6923 08/05/92 08:03 EDT
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|Date:||Aug 5, 1992|
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