OCTOBER 1993 SALES INCREASE 13.6 PERCENT FOR VENTURE STORES, INC.
O'FALLON, Mo., Nov. 4 /PRNewswire/ -- Venture Stores, Inc. (NYSE: VEN), reported sales for October 1993 (four weeks ended Oct. 30, 1993) of $139.8 million, an increase of 13.6 percent over last October (four weeks ended Oct. 31, 1992) sales of $123.1 million. Comparable store sales for the period increased 2.3 percent. Sales for the third quarter 1993 (13 weeks ended Oct. 30, 1993) were $446.5 million compared to $391.9 last year (13 weeks ended Oct. 31, 1992), a 13.9 percent increase. Comparable store sales increased 2.6 percent for the quarter. Year-to-date sales through October (39 weeks ended Oct. 30, 1993) were $1,213.2 million, an increase of 6.2 percent from $1,142.8 million for the same period last year (39 weeks ended Oct. 31, 1992). Year-to- date comparable store sales decreased 0.6 percent. (Millions) Periods Ended Comparable Oct. 30, Oct. 31, Percent Store Percent 1993 1992 Increase Inc/Dec 4 Weeks $ 139.8 $ 123.1 13.6 pct. 2.3 pct. 13 Weeks $ 446.5 $ 391.9 13.9 pct. 2.6 pct. 39 Weeks $1,213.2 $1,142.8 6.2 pct. -0.6 pct. Commenting on October results, Julian Seeherman, chairman and chief executive officer, said: "October sales started off slowly, but ended strong. Cooler weather at the end of the month accelerated sales of outerwear, sweaters, thermal shirts and seasonal hardlines merchandise. During the month, we opened our 11th store in Texas, and continue to be pleased with the sales results of our Texas locations. We are well prepared for the fourth quarter which includes the all important Christmas season and we are positioned to take advantage of any opportunities which may arise as the season progresses." Venture operates 104 quality discount retail stores in Illinois, Missouri, Kansas, Indiana, Oklahoma, Arkansas, Iowa, Kentucky and Texas. Venture's common stock is traded on the New York Stock Exchange under the symbol VEN. -0- 11/3/93 /CONTACT: Jack Burtelow of Venture Stores, Inc., 314-281-7800/ (VEN)
CO: Venture Stores, Inc ST: Missouri IN: REA SU: SLS
TW -- NY015 -- 0527 11/04/93 08:53 EST