GANTOS, INC. REPORTS JUNE SALES
GANTOS, INC. REPORTS JUNE SALES GRAND RAPIDS, Mich., July 9 /PRNewswire/ -- Gantos, Inc.
(NASDAQ: GTOS) today announced sales of $23.3 million for the five-week period ended July 4, 1992, up 7 percent from sales of $21.9 million during the same period a year ago. Sales for stores open throughout both periods increased 9 percent.
Sales for the 22 weeks ended July 4, 1992, were $109.0 million, up 8 percent from the same period last year. Sales for stores open throughout both periods increased by 10 percent. Gantos also announced the three-year extension of its $67 million revolving credit facility. Effective July 6, 1992, the new facility will provide the company with significant long-term borrowing capacity. Gantos, Inc. is a leading retailer of quality women's wear and accessories. The company currently operates 158 stores in 25 states. -0- 7/9/92 /CONTACT: J.E. Bunka, controller, Gantos, 616-940-9295/ (GTOS) CO: Gantos, Inc. ST: Michigan IN: REA SU:
ML -- DE003 -- 7722 07/09/92 08:59 EDT
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|Date:||Jul 9, 1992|
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