Advertisement
HomeCollectionsSame Store Sales
IN THE NEWS

Same Store Sales

FIND MORE STORIES ABOUT:
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | March 8, 2002
Jos. A. Bank Clothiers Inc. said yesterday that its sales rose in February even as other specialty retailers saw sharp declines as many price-conscious customers shopped at discount stores. Same-store sales, which are sales at stores open at least a year and are a key indicator of a retailer's health, increased 1.1 percent from last year. Total sales at the Hampstead-based men's clothing store, which has opened several stores in the last year as part of an ongoing expansion, increased 9.3 percent, from $13.2 million in February 2001 to $14.4 million last month.
Advertisement
BUSINESS
By Liz Bowie and Liz Bowie,SUN STAFF | August 20, 1997
Silver Diner Inc., the Rockville-based diner chain, said yesterday that its losses grew substantially in the second quarter to $409,559, or 4 cents a share, compared with a loss of $248,137, or 2 cents a share, for the same period in 1996.The company acknowledged that it was disappointed with the earnings as well as a 5.8 percent drop in same-store sales in the 12 weeks ended July 13 and a plummeting stock price.Chairman Robert Giaimo blamed the losses on the company's fast growth -- it went from six restaurants to 10 in the past six months -- which he said drove up labor and advertising costs.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | March 7, 2003
The severe snowstorm over Presidents Day weekend kept shoppers away from Jos. A. Bank Clothiers Inc.'s stores, crimping February sales at stores open at least a year, the Hampstead-based men's apparel retailer said yesterday. The company said that same-store sales - a key benchmark for retailers - decreased 1.9 percent last month. But total sales for the retailer, which sells suits, casual clothing, sportswear, footwear and accessories, rose 7 percent, from $14.4 million to $15.4 million, as Bank gained additional sales from newly opened stores.
BUSINESS
By BLOOMBERG NEWS | April 10, 1997
OAK BROOK, Ill. -- McDonald's Corp. said yesterday that its slumping U.S. business should post improved results "as the year progresses" in 1997 while international operations should have an "excellent year."The company also said in its annual report that same-store sales in the United States fell 6.4 percent last year to an average of $1.43 million for stores open at least 13 months, from $1.54 million in 1996. That's a steeper decline than analysts had estimated.McDonald's said it will open fewer U.S. restaurants this year than last year, and that more than 70 percent of its 2,400 to 2,800 new restaurants planned for the year will open outside the United States.
BUSINESS
By BLOOMBERG NEWS | April 29, 2003
OAK BROOK, Ill. - McDonald's Corp., the world's largest hamburger chain, announced yesterday that first-quarter profit increased as sales rose at the fastest pace in more than a year, helped by the strengthening of the euro. The company's shares rose $1.12, or 7 percent, to a three-month high of $16.93 as McDonald's rebounded from its first-ever loss in the fourth quarter of last year. McDonald's said it's "on its way" toward meeting Chief Executive Officer James R. "Jim" Cantalupo's 2005 goal of boosting restaurant sales by as much as 5 percent a year.
BUSINESS
By Liz Steinberg and Liz Steinberg,SUN STAFF | May 10, 2002
Jos. A. Bank Clothiers Inc. said yesterday that same-store sales rose 8 percent in April, the third month in a row the Hampstead company has seen a month-over-month increase after the soft winter retail market. Jos. A. Bank also announced its total sales increased 18.2 percent in April over 2001, well above the industry average. The men's clothing chain's April sales totaled $20.1 million, up from $17 million last year. "Due the fact that they had negative same-store sales four months ago ... that's a pretty good sign," said Preston E. Silvey, a First Dallas Securities financial analyst who follows the men's clothing chain.
BUSINESS
By Rona Kobell and Rona Kobell,SUN STAFF | September 7, 2000
Rite Aid Corp., the No. 3 drug store chain still struggling to regain its financial footing, announced yesterday that sales continued their rebound in August, rising 7.4 percent to $1.3 billion. Same-store sales - sales at stores open at least a year and a barometer for performance - were even better, rising 10.1 percent for the five weeks that ended Aug. 26 over the comparable period last year. Gains were strongest in the pharmacy sector, where same-store sales increased 10.3 percent.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | February 8, 2002
Keeping pace with increased January retail sales nationwide, Jos. A. Bank Clothiers Inc. reported yesterday that its sales for the month rose slightly and that the company expects to "significantly exceed" its full-year earnings guidance for fiscal 2001. The Hampstead-based men's apparel retailer said its total January sales rose 0.8 percent to $12.8 million, compared with $12.7 million for the corresponding period last year. Bank's sales at stores open at least a year - a key barometer in the retail industry - were down 8.7 percent, compared with January 2001.
BUSINESS
By BLOOMBERG NEWS | March 30, 2002
TROY, Mich. - Kmart Corp., the largest U.S. retailer ever to file for bankruptcy, reported yesterday that it suffered a $753 million loss in the five weeks after it sought protection from creditors as consumers abandoned the discount chain in favor of rivals. The loss includes an $815 million write-down for a drop in the value of tax benefits and $295 million in income related to its Chapter 11 reorganization, the company said in a filing with the U.S. Securities and Exchange Commission.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.