Printer Friendly

FILENE'S BASEMENT REPORTS FEBRUARY SALES

 FILENE'S BASEMENT REPORTS FEBRUARY SALES
 WELLESLEY, Mass., March 5 /PRNewswire/ -- Filene's Basement Corp.


(NASDAQ: BSMT) reported net sales for the four-week period ended Feb. 29, 1992, of $29.7 million, an increase of 14 percent from sales of $26.0 million for the same period in 1991. Comparable store sales for the four weeks this year were even against the same period last year.
 In commenting on February results, Jim Anathan, Filene's Basement president, said, "Our core business showed positive improvement in all regions; at the same time, however, our overall business was negatively impacted by weak consumer demand for the higher priced stocks we acquired from other retailers. Sales of 'retail-stock' merchandise is heavily skewed to the February period and, therefore, has a diminishing impact as we move further into the season."
 Filene's Basement Corp. operates specialty stores which offer focused, quality, branded assortments of men's and women's apparel at discount prices. The company has 38 stores, three recently opened in the greater metropolitan Chicago market and the balance primarily in the Northeast corridor extending from Portland, Maine, to Philadelphia, Pa.
 -0- 3/5/92
 /CONTACT: Jim Anathan, president of Filene's Basement Corp., 617-348-7042/
 (BSMT) CO: Filene's Basement Corp. ST: Massachusetts IN: REA SU:


SH -- NE005 -- 5295 03/05/92 09:03 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 5, 1992
Words:214
Previous Article:DEVCON NAMES JAMES NUGENT VICE PRESIDENT - CONSTRUCTION
Next Article:AMERICAN SUPERCONDUCTOR ANNOUNCES EXTENSION AND INCREASED FUNDING FOR DEVELOPMENT PROGRAM WITH INCO ALLOYS
Topics:


Related Articles
FILENE'S BASEMENT REPORTS FEBRUARY SALES
FILENE'S BASEMENT REPORTS FEBRUARY SALES
FILENE'S BASEMENT REPORTS FEBRUARY SALES
Filene's Basement Reports February Sales
Filene's Basement Reports Fourth Quarter and Fiscal Year Results
Filene's Basement Reports February Sales
Filene's Basement Reports Fourth Quarter and Year-End Results
Filene's Basement Reports May Sales
Value City Department Stores, Inc. Reports January Sales.
Value City Department Stores, Inc. Reports January Sales.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters