ShopKo Stores, Inc. reported that consolidated sales for the four weeks ended October 29, 2005 decreased 3.2% to $221.5 million from $228.7 million during the same period last year. Consolidated comparable store sales decreased 2.4% for the four week period.
Sales Summary by Business Segment (dollars in millions) Retail Segments Period Ended % Change 4 Weeks: 10/29/05 Total** Comp* ShopKo $163.6 (1.5) % (0.6) % Pamida 57.9 (7.5) (7.4) Total Retail $221.5 (3.2) % (2.4) % 13 Weeks: ShopKo $522.2 (5.6) % (5.6) % Pamida 182.7 (5.5) (6.1) Total Retail $704.9 (5.6) % (5.8) % 39 Weeks: ShopKo $1,573.3 (6.1) % (6.3) % Pamida 571.8 (1.8) (2.9) Total Retail $2,145.1 (5.0) % (5.4) % *Comparable store sales represent sales of those stores open during both fiscal years and do not include sales from the ShopKo wholesale optical lab. **ShopKo division total sales variance reflects sales from three closed ShopKo locations in fiscal 2005, one closed ShopKo location in fiscal 2004 and three new ShopKo Express Rx locations in fiscal 2004. Pamida division total sales variance reflects sales from five closed Pamida locations and seven new locations in fiscal 2004. Sales variance also reflects sales from seven closed Pamida locations and three new locations in fiscal 2005.
The company expects consolidated comparable store sales for the month of November to be in the negative low-single-digit range.