CLOTHESTIME OPENS THREE NEW LOCATIONS IN ARIZONA
CLOTHESTIME OPENS THREE NEW LOCATIONS IN ARIZONA ANAHEIM, Calif., Aug. 5 /PRNewswire/ -- The Clothestime Inc.
(NASDAQ: CTME), one of the leading women's retail apparel chains, will continue with its expansion plans and open three new stores in Tucson, Nogales and Prescott, Ariz., 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. The success of Clothestime's retailing strategy, which focuses on providing in-season, high quality, junior-sized apparel at discounted prices, is evidenced by the company's 19 consecutive months of positive increases in same store sales. Using internally generated funds, 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 in Arizona are doing very well," Ortega said. "We take that as a sign the customers like our value-priced format and quality merchandise." Clothestime is opening a 3,562-square-foot location in Tucson at 405 East Wetmore Road on Aug. 6, 1992. Clothestime's new 4,120-square-foot Nogales store will also open Aug. 6 at 21 S. Morley Ave. The 3,950-square-foot Prescott store will open on Aug. 6, at 1781 East Highway 69. 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 up-scale department and specialty stores. The Clothestime Inc.'s common stock is traded over the counter at 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, Arizona IN: REA SU:
LS-AL -- LA005 -- 6921 08/05/92 08:03 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Aug 5, 1992|
|Previous Article:||ARMOR ALL ANNOUNCES MIDSUMMER'S TOP 10 HOT SPOTS -- CITIES TOUGHEST ON A CAR'S APPEARANCE; SECOND ANNUAL CAR CARE STUDY RELEASED|
|Next Article:||CLOTHESTIME OPENS NEW CHICAGO LOCATION|