Total store sales for The Elder-Beerman Stores Corp. decreased 4.2 percent to $44.2 million for the four weeks ended May 3, 2003 compared to the four weeks ended May 4, 2002. Comparable store sales decreased by 5.6 percent versus the same period last year. The best performing businesses in April were ladies coats, accessories, dresses and children’s apparel.
For the first quarter and year to date, total store sales decreased by 7.2 percent to $131.1 million for the 13 week period ended May 3, 2003. Comparable store sales decreased 7.7 percent versus the same period last year.
The nation’s ninth largest independent department store chain, The Elder-Beerman Stores Corp. is headquartered in Dayton, Ohio and operates 68 stores in Ohio, West Virginia, Indiana, Michigan, Illinois, Kentucky, Wisconsin and Pennsylvania. For more information about the company see Elder-Beerman’s web site at www.elder-beerman.com.
----------------------------------------------------------------------
(dollars in millions) APRIL SALES(a)
----------------------------------------------------------------------
Total Comparable
Sales Sales
(unaudited) 2003 2002 Change(b) Change(b)
----------------------------- -------- -------- ----------- ----------
The Elder-Beerman Stores Corp. $44.2 $46.2 (4.2%) (5.6%)
----------------------------------------------------------------------
----------------------------------------------------------------------
(dollars in millions) FIRST QUARTER AND
YEAR TO DATE SALES(a)
----------------------------------------------------------------------
Total Comparable
Sales Sales
(unaudited) 2003 2002 Change(b) Change(b)
----------------------------- -------- -------- ---------- -----------
The Elder-Beerman Stores Corp. $131.1 $141.2 (7.2%) (7.7%)
----------------------------------------------------------------------
(a) All sales figures exclude leased department sales.
(b) Percentages may not correspond to the actual sales figures due to
rounding of sales figures.
