HECHINGER COMPANY ANNOUNCES MARCH SALES
HECHINGER COMPANY ANNOUNCES MARCH SALES LANDOVER, Md., April 9 /PRNewswire/ -- Hechinger Company
(NASDAQ-NMS: HECHA and HECHB) today released monthly sales for March of $164.1 million, which represents an 8 percent increase from March 1991 sales of $151.6 million. Comparable store sales were up 3 percent for the month. Comparable store sales for March 1991 were flat.
During the last two weeks of the month, sales were affected by the unseasonably cold temperatures which plagued many of the company's markets. Seasonal departments, particularly lawn and garden, were adversely impacted. Last week the Hechinger division celebrated the grand opening of a new Home Project Center in Leesburg, Va., and the conversion of the Annapolis, Md., store to the HPC format. Also, the Home Quarters
Warehouse division celebrated the grand opening of its sixth store in New England in Manchester, N.H. In addition, the Triangle Building Centers division celebrated the grand re-opening of its remodeled unit in Wilkes Barre, Pa.
Hechinger Company is a leading specialty retailer, currently operating 116 do-it-yourself home centers. The company serves the growing home improvement industry through its three divisions: Hechinger, Home Quarters Warehouse, and Triangle Building Centers. -0- 4/9/92 /CONTACT: Lennie Zallar, vice president and treasurer, Hechinger, 301-925-3170/ (HECH) CO: Hechinger Company ST: Maryland IN: REA SU:
DC -- DC034 -- 6906 04/09/92 15:53 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Apr 9, 1992|
|Previous Article:||SEA-LAND SHIPS CONTAINERS OF DEHYDRATED POTATOES FROM IDAHO TO RUSSIA|
|Next Article:||CORRECTION TO GRUMMAN TO BID FOR ARMY AVIATION CONTRACT.|