Printer Friendly

GANTOS, INC. REPORTS NOVEMBER SALES

 GRAND RAPIDS, Mich., Dec. 2 /PRNewswire/ -- Gantos, Inc. (NASDAQ: GTOS) today announced net sales of $18.2 million for the four-week period ended Nov. 27, 1993, down 8 percent from the same period a year ago. Net sales for stores open throughout both periods decreased by 8 percent.
 Net sales for the 43 weeks ended Nov. 27, 1993, were $160.5 million, down 9 percent from the same period last year. Net sales for stores open throughout both periods decreased by 9 percent.
 The Company adjusted its net sales figures to exclude net sales from the 41 stores which it began closing during November 1993 from both the current periods and the prior year periods in order to facilitate comparisons.
 Net sales from the 41 closing stores for the four week period ended Nov. 27, 1993, were $4.7 million compared to $4.0 million in the same period last year. The sales for the 41 closed stores reflect the liquidation sales which began Nov. 24, 1993. Net sales from the 41 closing stores for the 43 weeks ended Nov. 27, 1993, were $31.5 million compared to $34.7 million in the same period a year ago.
 Gantos, Inc. is a leading retailer of quality women's wear and accessories. The Company currently operates 118 stores, excluding the 41 stores which are closing, in 23 states.
 -0- 12/2/93
 /CONTACT: Wayne J. Hutnick, vice president/CFO of Gantos, Inc., 616-940-9207/
 (GTOS)


CO: Gantos, Inc. ST: Michigan IN: REA SU: SLS

SM -- DE014 -- 9662 12/02/93 09:19 EST
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:Dec 2, 1993
Words:260
Previous Article:NATIONAL TECHTEAM, INC. AND EO, INC. ANNOUNCE EXPANSION OF CUSTOMER SERVICE CENTER
Next Article:PHYSICIAN CORPORATION OF AMERICA ADDS 130 PHYSICIANS TO ITS AUSTIN PROVIDER NETWORK
Topics:

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters