Printer Friendly

PIC 'N' SAVE RELEASES FEBRUARY SALES

 PIC 'N' SAVE RELEASES FEBRUARY SALES
 DOMINGUEZ, Calif., March 5 /PRNewswire/ -- Pic 'N' Save Corp.


(NASDAQ: PICN) announced today that its sales for the four weeks ended March 1, 1992, were $32,640,000, up 3.4 percent from $31,554,000 in the prior year. Sales in comparable stores for the four weeks of February increased 2.8 percent.
 "Our February sales were adversely impacted by the severe winter storm conditions and flooding experienced in our core California markets, as well as in several other Southwestern markets," commented Len Williams, president and chief executive officer. "In addition, our apparel business has softened, reflecting a general trend in the industry."
 The company operates a chain of 193 retail stores in 12 states. These stores, which do business as Pic 'N' Save and Mac Frugal's - Bargains Close-outs, feature a variety of first-quality general merchandise obtained through manufacturer close-outs, overruns, discontinued lines and packaging changes. An ever-changing assortment of merchandise is typically sold at 40 percent to 70 percent off regular retail prices.
 -0- 3/5/92 R
 /CONTACT: Eileen Hupp, assistant VP-marketing of Pic 'N' Save, 310-761-4214/
 (PICN) CO: Pic 'N' Save Corp. ST: California IN: REA SU:


DM-KJ -- LA005 -- 5271 03/05/92 08:39 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:Mar 5, 1992
Words:206
Previous Article:COMPUTER RESEARCH, INC. DISCONTINUES CAD BUSINESS
Next Article:SUMMIT TECHNOLOGY ANNOUNCES FDA APPROVAL TO BEGIN SECOND PHASE OF U.S. CLINICAL TRIALS USING HOLMIUM LASER FOR TREATMENT OF FARSIGHTEDNESS
Topics:


Related Articles
PIC 'N' SAVE SALES UP 11.6 PERCENT IN OCTOBER; COMPARABLE STORE SALES UP 10.3 PERCENT
PIC 'N' SAVE COMPARABLE STORE SALES UP 15.3 PERCENT IN NOVEMBER
MAC FRUGAL'S BARGAINS . CLOSE-OUTS CELEBRATES NEW NAME WITH 5 PERCENT DONATION TO THE SALVATION ARMY
MAC FRUGAL'S BARGAINS . CLOSE-OUTS CELEBRATES NEW NAME WITH 5 PERCENT DONATION TO THE SALVATION ARMY
PIC 'N' SAVE CORP. REPORTS $1.12 PER SHARE NET INCOME UP 98 PERCENT TO $34,215,000 FOR 1991
PIC 'N' SAVE TO DONATE RECEIPTS
PIC 'N' SAVE RELEASES FEBRUARY SALES
PIC 'N' SAVE CELEBRATES NAME CHANGE TO MAC FRUGAL'S BARGAINS - CLOSE-OUTS
PIC 'N' SAVE REPORTS MAY SALES
PIC 'N' SAVE REPORTS APRIL SALES INCREASE 11.7 PERCENT

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters