S & K Famous Brands Reports March Same-Store Sales up 22.4 Percent
April 07 2005 - 8:30AM
PR Newswire (US)
S & K Famous Brands Reports March Same-Store Sales up 22.4
Percent RICHMOND, Va., April 7 /PRNewswire-FirstCall/ -- S&K
Famous Brands, Inc. (Pink Sheets: SKFB)(http://www.skmenswear.com/)
today announced sales for the five weeks ended April 2, 2005. Total
sales for the month were up 23.3% to $24.0 million compared with
$19.5 million last year. Same-store sales were up 22.4%. Sales for
the nine-week period ended April 2, 2005 were up 16.6% to $40.6
million compared with $34.8 million for the same period last year.
Same-store sales were up 15.5%. The Company's comparable store
sales for the months of March and April 2005 should be more
appropriately measured on a combined nine-week basis due to a
calendar shift which moved Easter into March this year from April
last year. Historically, the Company experiences significant sales
increases in the weeks prior to Easter. Beginning with April's
sales results, to be announced on May 5, 2005, the Company expects
to begin posting all financial information only on its website at
http://www.skmenswear.com/. S&K Famous Brands, Inc. is a
retailer of value-priced menswear operating 235 stores in 27 states
reaching from the East Coast to Texas and from Maine to Florida.
S&K offers a complete line of men's apparel generally priced
20- 40% below department store and specialty store regular prices.
For more information, go to our Web site at
http://www.skmenswear.com/. Except for historical information
contained herein, the statements in this release may be
forward-looking and are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Forward-
looking statements involve known and unknown risks and
uncertainties, which may cause future events to differ materially
from those expressed in such forward-looking statements. Such risks
and uncertainties include, among other things, the unknown effects
of deregistration and the unpredictability of market conditions,
whether any broker-dealers are willing and able to be market makers
in the Company's stock, as well as numerous operational and
economic conditions, such as the competitive environment in the
value-priced men's apparel industry in general and in the Company's
specific market area, inflation, changes in costs of goods and
services and economic conditions in general and in the Company's
specific market area. Certain of these and other risks are more
fully described in the Company's filings with the Securities and
Exchange Commission. The forward-looking statements made in this
release are made only as of the date of this release, and the
Company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances. DATASOURCE: S&K Famous Brands, Inc. CONTACT:
Robert E. Knowles, Chief Financial Officer of S&K Famous
Brands, Inc., +1-804-346-2500 Web site: http://www.skmenswear.com/
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