GANTOS, INC. APRIL SALES UP 15 PERCENT
GANTOS, INC. APRIL SALES UP 15 PERCENT GRAND RAPIDS, Mich., May 7 /PRNewswire/ -- Gantos, Inc.
(NASDAQ: GTOS) today announced sales of $24.0 million for the four-week period ended May 2, 1992, up 15 percent from sales of $20.9 million during the same period a year ago. Sales for stores open throughout both periods increased by 18 percent.
Sales for the quarter ended May 2, 1992, of $62.7 million were up 7 percent from sales of $58.7 million during the same period last year. Sales for stores open throughout both periods increased by 9 percent. L. Douglas Gantos, chairperson and chief executive officer of the company, said, "We continue to be pleased with our sales growth. The Easter holiday strengthened April sales, yet our comparable store sales still increased 9 percent for the March-April period." Gantos, Inc. is a leading retailer of quality women's wear and accessories. The company currently operates 158 stores in 25 states. -0- 5/7/92 /CONTACT: Dennis A. Hoyt of Gantos, 616-940-9295/ (GTOS) CO: Gantos, Inc. ST: Michigan IN: REA SU:
ML -- DE003 -- 7456 05/07/92 09:14 EDT
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|Date:||May 7, 1992|
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