FILENE'S BASEMENT REPORTS APRIL SALES
FILENE'S BASEMENT REPORTS APRIL SALES WELLESLEY, Mass., May 7 /PRNewswire/ -- Filene's Basement Corp.
(NASDAQ: BSMT) today reported net sales for the four-week period ended May 2, 1992 of $39.9 million, an increase of 12 percent from sales of $35.7 million for the same period in 1991. Comparable store sales for the four weeks were down 1 percent from the same period last year.
Sales for the three months ended May 2, 1992 were $111.0 million, or 11 percent of $99.9 million for the prior-year period. Comparable store sales for the three-month period were down 2 percent versus the first three months of 1991. In commenting on April's performance, Jim Anathan, Filene's Basement president, said, "The persisting lackluster economy continued to affect April sales; however, we continue to remain comfortable with analysts' estimates of 18 cents per share for the quarter." Filene's Basement Corp. operate specialty stores which offer focused, quality, branded assortments of men's and women's apparel at discount prices. The company operates 40 stores, primarily in the Northeast corridor and in the greater metropolitan Chicago market. -0- 5/7/92 /CONTACT: Jim Anathan, president of Filene's Basement, 617-348-7042/ (BSMT) CO: Filene's Basement Corp. ST: Massachusetts IN: REA SU:
SH -- NE003 -- 7528 05/07/92 10:34 EDT
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|Date:||May 7, 1992|
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