Crown Books Corp.Despite the closure of seven bookstores...

BY THE NUMBERS

June 08, 1991

Crown Books Corp.

Despite the closure of seven bookstores in the last three months, this Landover-based bookstore chain reported slight gains in earnings and sales for its first fiscal quarter.

Crown, which cut its chain to 254 stores this year, said the growing sales at its new "Super Crown" bookstore -- which is twice as big as its normal stores and offers seats for reading -- contributed to bottom-line improvements in the quarter, which ended April 30.

Stanley E. Rubenstein, a company spokesman, said yesterday thatCrown has said it wants to turn more of its traditional bookstores into Super Crowns.

"They are trying to weed out the stores that aren't measuring up. . . . And they will be doing more Super Crowns," he said.

Crown's stores are in the Baltimore-Washington area, California, Houston, Chicago and Seattle. It is the third-largest bookstore chain in the country.

Three months ended 4/30/91

.. .. .. . Revenue .. ... Net.. .. .. .. Share

'91.. .. 46,553,000.. .. 1,624,000.. .. 0.31

'90.. .. 44,723,000.. .. 1,512,000.. .. 0.29

% change +4.1 .. .. .. .. +7.4 .. .. .. +6.9

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