FILENE'S BASEMENT REPORTS MARCH SALES
FILENE'S BASEMENT REPORTS MARCH SALES WELLESLEY, Mass., April 9 /PRNewswire/ -- Filene's Basement Corp.
(NASDAQ: BSMT) today reported net sales for the five week period ended April 4, 1992 of $41.3 million, an increase of $3.2 million from the same period in 1991. Comparable store sales for the five weeks this year were down 5 percent against the same period last year.
In commenting on March results, Jim Anathan, Filene's Basement president, said, "March sales reflected the calendar shift related to the Easter holiday season. The five week period results are historically consistent with a late Easter holiday; conversely, April should benefit from the shift in calendar." 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 operates 38 stores, primarily in the Northeast corridor and in the greater metropolitan Chicago market. -0- 4/9/92 /CONTACT: Gary Crittenden of Filene's Basement, 617-348-7156/ (BSMT) CO: Filene's Basement Corp. ST: Massachusetts IN: REA SU:
TM-EG -- NE001 -- 6681 04/09/92 10:28 EDT
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|Date:||Apr 9, 1992|
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