GANTOS REPORTS MARCH SALES, ELECTS SCHOMER TO BOARD
GANTOS REPORTS MARCH SALES, ELECTS SCHOMER TO BOARD GRAND RAPIDS, Mich., April 9 /PRNewswire/ -- Gantos, Inc.
(NASDAQ: GTOS) today announced sales of $23.2 million for the five-week period ended April 4, 1992, down 1 percent from sales of $23.5 million during the same period a year ago. Sales for stores open throughout both periods increased by 1 percent.
Sales for the nine weeks ended April 4, 1992, were $38.7 million, up 2 percent from sales of $37.9 million during the same period last year. Sales for stores open throughout both periods increased by 5 percent. Separately, Gantos announced today the election of Fred Schomer to its board of directors. L. Douglas Gantos, chairman of the board, said, "We are delighted to add Mr. Schomer to our board. His outstanding business background and perspective will provide valuable input to the strategic business decisions made by the board." Schomer is executive vice president and chief financial officer of Gerber Products Company (NYSE: GEB) of Fremont, Mich. He joined Gerber in that role in 1988, and was named to the board of directors in 1989. Schomer started his business career in 1963 with Beatrice Foods, ultimately becoming corporate vice president and treasurer. He joined ACCO World Corporation as vice president - finance and administration and corporate secretary in 1984. A native of Chicago, Schomer earned both his BA and JD degrees from the University of Chicago, and subsequently earned an MBA from the University of Chicago Graduate School of Business. He and his wife live in Grand Rapids. Gantos, Inc. is a leading retailer of quality women's wear and accessories. The company currently operates 158 stores in 25 states. -0- 4/9/92 /CONTACT: Dennis A. Hoyt of Gantos, 616-940-9295/ (GTOS) CO: Gantos, Inc. ST: Michigan IN: REA SU: PER
DH -- DE006 -- 6630 04/09/92 09:31 EDT
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|Date:||Apr 9, 1992|
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