Printer Friendly

FILENE'S BASEMENT REPORTS JUNE SALES

 WELLESLEY, Mass, July 8 /PRNewswire/ -- Filene's Basement Corp. (NASDAQ: BSMT) today reported net sales for the five week period ended July 3, 1993 of $45.4 million, up 8 percent from sales of $42.1 million for the same period last year. Comparable store sales for the five weeks this year were down 7 percent from the same period last year.
 Year-to-date sales were $209.5 million, up 10 percent from last year. Comparable store sales for the five months this year were down 6 percent from the same year-to-date period last year.
 In commenting on June's sales results, Jim Anathan, president, said, "Sales during the first week of June were very soft, however, some improvement was demonstrated over the balance of the month." He added, "Given overall sales performance during May and June coupled with the expectation of near term continued sluggishness, second quarter earnings will be break even to somewhat negative."
 Filene's Basement Corp., operates specialty stores which offer focused, quality, branded assortments of men's and women's apparel at prices generally 20-60 percent below department and specialty store regular prices. The company has 52 stores operating primarily in the Northeast and the Midwest.
 -0- 7/8/93
 /CONTACT: Gary Crittenden, CFO of Filene's Basement Corp., 617-348-7156/
 (BSMT)


CO: Filene's Basement Corporation ST: Massachusetts IN: REA SU:

CM -- NE007 -- 9406 07/08/93 10:09 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 8, 1993
Words:227
Previous Article:NEW MICROCOM RESELLER PROGRAM HELPS VARS MAXIMIZE SALES OPPORTUNITIES; "GET CONNECTED" PROGRAM PROVIDES EXTENSIVE RESELLER SUPPORT
Next Article:ALPHA-BETA TECHNOLOGY, INC. COMPLETES $20 MILLION PRIVATE PLACEMENT
Topics:


Related Articles
FILENE'S BASEMENT REPORTS RESULTS FOR SECOND QUARTER AND SIX MONTHS
FILENE'S BASEMENT REPORTS AUGUST SALES
FILENE'S BASEMENT REPORTS SALES FROM OCTOBER AND THIRD QUARTER
FILENE'S BASEMENT REPORTS FOR JANUARY AND 1992
FILENE'S BASEMENT REPORTS MAY SALES
FILENE'S BASEMENT REPORTS RESULTS FOR SECOND QUARTER AND SIX MONTHS
FILENE'S BASEMENT REPORTS DECEMBER SALES
FILENE'S BASEMENT REPORTS FEBRUARY SALES
FILENE'S BASEMENT REPORTS FIRST QUARTER RESULTS
FILENE'S BASEMENT REPORTS MAY SALES

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