GANTOS, INC. REPORTS JULY SALES
GANTOS, INC. REPORTS JULY SALES GRAND RAPIDS, Mich., Aug. 6 /PRNewswire/ -- Gantos, Inc.
(NASDAQ: GTOS) today announced sales of $16.5 million for the four-week period ended Aug. 1, 1992, down 1 percent from sales of $16.6 million during the same period a year ago. Sales for stores open throughout both periods increased 2 percent.
July sales rose 8 percent excluding sales at the company's clearance stores. The clearance stores' semi-annual "Sale-for-all-Seasons" is currently scheduled for August 1992, while the event ran in July during the prior year. Sales for the quarter ended Aug. 1, 1992, were $62.8 million, up 7 percent from the same period last year. Sales for stores open throughout both periods rose 9 percent. Sales for the 26 weeks ended Aug. 1, 1992, were $125.5 million, up 7 percent from the same period last year. Sales for stores open throughout both periods increased by 9 percent. Gantos, Inc. is a leading retailer of quality women's wear and accessories. The company currently operates 158 stores in 25 states. -0- 8/6/92 /CONTACT: J.E. Bunka, controller, Gantos, 616-940-9295/ (GTOS) CO: Gantos, Inc. ST: Michigan IN: REA SU:
ML -- DE009 -- 7454 08/06/92 09:27 EDT
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|Date:||Aug 6, 1992|
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