SEPTEMBER 1993 SALES INCREASE 17.9 PERCENT FOR VENTURE STORES, INC.
O'FALLON, Mo., Oct. 7 /PRNewswire/ -- Venture Stores, Inc. (NYSE: VEN) today reported sales for Sept. 1993 (five weeks ended Oct. 2, 1993) of $168.3 million, an increase of 17.9 percent over last September (five weeks ended Oct. 3, 1992) sales of $142.7 million. Comparable store sales for the period increased 7.1 percent. Year-to-date sales through September (35 weeks ended Oct. 2, 1993) were $1,073.3 million, an increase of 5.3 percent from $1,019.7 million for the same period last year (35 weeks ended Oct. 3, 1992). Year-to- date comparable store sales decreased 1.1 percent. VENTURE STORES, INC. (In millions) Periods Ended Comparable Oct. 2, Oct. 3, Percent Store Percent 1993 1992 Increase Increase/Decrease 5 Weeks $ 168.3 $ 142.7 17.9 7.1 35 Weeks $1,073.3 $1,019.7 5.3 (1.1) Commenting on September results, Julian Seeherman, chairman and chief executive officer said, "We are pleased with our September sales results, which were well above our plan. A return to more normal weather conditions contributed to excellent sales of fall seasonal merchandise. All areas of apparel performed very well, particularly casual and outdoor clothing, as our customers responded to quality and fashion at value prices. We are continuing to plan conservatively for the remainder of the year, but we are well positioned to react quickly to any continued upswing in business." Venture operates 103 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- 10/7/93 /CONTACT: Jack Burtelow of Venture Stores, Inc., 314-281-7800/ (VEN)
CO: Venture Stores, Inc. ST: Missouri IN: REA SU: SLS
TS -- NY008 -- 9624 10/07/93 08:32 EDT