SHOPKO STORES REPORTS OCTOBER SALES
SHOPKO STORES REPORTS OCTOBER SALES GREEN BAY, Wis., Nov. 5 /PRNewswire/ -- ShopKo Stores, Inc.
(NYSE: SKO) reported sales for the four weeks ended Oct. 31, 1992, decreased 1.4 percent to $115.9 million from $117.5 million during the same period last year. Comparable store sales decreased 2.8 percent.
For the cumulative 39 weeks ended Oct. 31, 1992, total sales increased 3.4 percent to $1,134.9 million from $1,097.3 million for the same period last year. Comparable store sales for the cumulative 39 weeks ended Oct. 31, 1992 increased 1.1 percent over the same period last year. A slow start in winter seasonal categories and a change in an October layaway promotion are the primary reasons for the decrease. "The unusual weather and the economy have been obstacles so far this season," said Dale P. Kramer, ShopKo president and chief executive officer. "As we enter the Christmas selling season, we are well positioned to meet consumer needs and are optimistic that seasonal sales will rebound." ShopKo Stores, Inc. is a leading regional discount store chain operating 111 stores in 13 states. -0- 11/5/92 R /CONTACT: Gene Bankers, vice president of ShopKo Stores, Inc., 414-496-4158/ (SKO) CO: ShopKo Stores, Inc. ST: Wisconsin IN: REA SU:
KK -- CL007 -- 2995 11/05/92 10:44 EST
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|Date:||Nov 5, 1992|
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