OCTOBER SALES INCREASE 0.2 PERCENT AT WOOLWORTH
OCTOBER SALES INCREASE 0.2 PERCENT AT WOOLWORTH NEW YORK, Nov. 7 /PRNewswire/ -- Woolworth Corporation (NYSE: Z)
reported that total sales for the four weeks ended Nov. 2, 1991, increased 0.2 percent to $717 million from $715 million in the comparable year-earlier period.
Domestic sales for the four-week period increased 4.2 percent to $391 million from $376 million, and foreign sales, expressed in U.S. dollars, declined 4.2 percent. If foreign exchange rates had remained constant, foreign sales would have decreased 2.5 percent and total sales would have increased 1.0 percent. Domestic comparable store sales for the four-week period declined 0.4 percent. For the cumulative 39 weeks ended Nov. 2, total sales rose 0.6 percent to $6,845 million from $6,806 million in the corresponding year- earlier period. Domestic sales for the 39-week period increased 3.1 percent to $3,973 million from $3,856 million, and foreign sales, expressed in U.S. dollars and in local currencies, declined 2.7 percent. Domestic comparable store sales for the 39-week period declined 1.5 percent. Harold E. Sells, chairman and chief executive officer, said, "In October, domestic comparable store sales continued to reflect the effects of difficult economic conditions; however, comparable store sales of athletic footwear in the U.S. once again showed an encouraging improvement." As of Oct. 26, 1991, Woolworth Corporation operated a total of 9,167 stores, compared with a total of 8,594 stores on the comparable date the year before. The 9,167 stores consisted of 7,427 specialty stores and 1,740 general merchandise stores in more than 40 formats. Woolworth Corporation operates stores in the United States, Canada, Mexico, Germany, Italy, Belgium, England, the Netherlands and Australia. -0- 11/7/91 /CONTACT: Frances E. Trachter of Woolworth, 212-553-2394/ (Z) CO: Woolworth Corporation ST: New York IN: REA SU: FC -- NY018 -- 2079 11/07/91 09:32 EST
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|Date:||Nov 7, 1991|
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