Printer Friendly

LESLIE'S POOLMART OPENS 26 NEW STORES

 LESLIE'S POOLMART OPENS 26 NEW STORES
 CHATSWORTH, Calif., April 28 /PRNewswire/ -- Leslie's Poolmart


(NASDAQ: LESL) today announced that its final store opening -- expected in the next two weeks -- will bring to a total of 26 the number of new stores opened since Jan. 1, thus expanding the company's retail store network to 130.
 According to Brian P. McDermott, president of Leslie's Poolmart, the timing of the store openings was scheduled to take maximum advantage of the upcoming peak sales period for swimming pool supplies.
 The 26 stores are located in 12 states including Connecticut, Minnesota and New Jersey, new retail markets for Leslie's. As previously announced, five -- including the one to be opened shortly -- are self-service discount facilities doing business under the name "Pool Club-USA." The initial Pool Club-USA store opening in March signaled Leslie's strategic entry into discount merchandising. The 21 others are traditional Leslie's full-service retail stores, all of which operate under the name "Leslie's Swimming Pool Supplies." Earlier in the year Leslie's also acquired its only two franchise operations, located in Fresno, Calif.
 McDermott said, "In just over 16 months, we will have expanded Leslie's store network from 83 facilities in 21 states to 130 facilities in 26 states. This represents a substantial 57 percent increase in the scope of our retail operations and is a clear indication of our aggressive growth posture. Additionally, Leslie's retail business is complemented by its very successful mail order business. With a proprietary mailing list of more than 2 million, our catalog has the capacity to reach approximately 65 percent of the nation's residential in-ground swimming pool owners, as well as a significant percentage of commercial installations."
 Founded in 1963, Leslie's Poolmart is the world's leading specialty retailer of swimming pool supplies and related products. The company currently markets its products through a network of retail stores in 26 states and a nationwide mail order catalog.
 -0- 4/28/92
 /CONTACT: Brian P. McDermott, president or Hugh Pierce, CFO, 818-993-4212, of Leslie's Poolmart; or Eugene G. Heller of Silverman, Heller Associates, 310-208-2550, for Leslie's Poolmart/
 (LESL) CO: Leslie's Poolmart ST: California IN: REA SU:


EH-KJ -- LA004 -- 3586 04/28/92 09:07 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 28, 1992
Words:362
Previous Article:AAMES FINANCIAL CORP. DECLARES DIVIDEND
Next Article:THRIFTY TEL INC. COMMENCES AMEX LISTING


Related Articles
LESLIE'S POOLMART TO OPEN DISCOUNT OPERATIONS
LESLIE'S POOLMART ANNOUNCES FIRST QUARTER RESULTS
LESLIE'S POOLMART ANNOUNCES RECORD SECOND QUARTER, FIRST HALF SALES AND EARNINGS
LESLIE'S POOLMART NAMES CHIEF OPERATING OFFICER
LESLIE'S POOLMART ANNOUNCES THIRD-QUARTER EARNINGS
LESLIE'S POOLMART REPORTS 1992 YEAR-END RESULTS
LESLIE'S POOLMART OPENS ALL 15 NEW STORES BEFORE POOL SEASON BEGINS
LESLIE'S POOLMART ANNOUNCES FIRST QUARTER RESULTS AND APRIL SALES
LESLIE'S POOLMART ANNOUNCES MAY SALES RESULTS
LESLIE'S POOLMART ANNOUNCES JULY SALES RESULTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters