Printer Friendly

LESLIE'S POOLMART TO OPEN DISCOUNT OPERATIONS

 LESLIE'S POOLMART TO OPEN DISCOUNT OPERATIONS
 CHATSWORTH, Calif., Feb. 27 /PRNewswire/ -- Leslie's Poolmart


(NASDAQ: LESL) today signaled the company's strategic entry into warehouse-style discount merchandising with the announcement that it will add five discount operations to its nationwide network of retail stores by the end of March.
 The five self-service facilities, doing business under the name "Pool Club-USA," will be located in Texas and Southern California, two of the company's major markets. Each will feature a full range of swimming pool supplies at everyday discount prices, but will not offer the services, repairs and level of customer assistance synonymous with the company's existing retail stores, which operate under the name "Leslie's Swimming Pool Supplies."
 Brian P. McDermott, president of Leslie's Poolmart, said, "Recognizing that a segment of the buying public routinely shops in club or warehouse-style discount outlets, we are expanding Leslie's operations to address this large group of prospective new customers. We believe that 'no frills' discount merchandising represents a significant opportunity for us to gain volume and market share. Moreover, strategically located discount operations will serve to complement Leslie's full-service retail stores, optimizing our market leadership position over time."
 Founded in 1963, Leslie's Poolmart is the country's leading specialty retailer of swimming pool supplies and related products. The company currently markets its products through 104 retail stores in 23 states and a nationwide mail-order catalog.
 -0- 2/27/92
 /CONTACT: Brian P. McDermott, president, or Hugh Pierce, CFO, of Leslie's Poolmart, 818-993-4212; or Eugene G. Heller of Silverman, Heller Associates, 310-208-2550, for Leslie's Poolmart/
 (LESL) CO: Leslie's Poolmart ST: California IN: SU:


KJ-CH -- LA032 -- 3342 02/27/92 14:29 EST
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:Feb 27, 1992
Words:273
Previous Article:PARK-OHIO RECEIVES LIST OF SECOM NOMINEES AND RECEIVES ANOTHER REQUEST FOR SHAREHOLDER LIST
Next Article:RTD SCHEDULES BUS SERVICE INTERRUPTIONS BECAUSE OF LOS ANGELES MARATHON ON SUNDAY, MARCH 1
Topics:


Related Articles
LESLIE'S ACQUIRES TWO FRANCHISE STORES
LESLIE'S POOLMART REPORTS 1991 YEAR-END RESULTS
LESLIE'S POOLMART ANNOUNCES PRELIMINARY SECOND QUARTER RESULTS
LESLIE'S POOLMART ANNOUNCES AGREEMENT TO ACQUIRE SANDY'S POOL SUPPLY
LESLIE'S POOLMART NAMES BRIAN MCDERMOTT CHIEF EXECUTIVE OFFICER
LESLIE'S POOLMART ANNOUNCES FIRST QUARTER RESULTS AND APRIL SALES
LESLIE'S POOLMART -- CRUTTENDEN & CO. SIXTH ANNUAL GROWTH STOCK CONFERENCE, FEBRUARY 1994
LESLIE'S POOLMART ANNOUNCES PRELIMINARY FIRST QUARTER SALES
LESLIE'S POOLMART ANNOUNCES PRELIMINARY FIRST QUARTER SALES
LESLIE'S POOLMART ANNOUNCES PRELIMINARY FIRST QUARTER SALES

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