ShopKo Stores, Inc. reported consolidated sales for the five weeks ended July 5, 2003 decreased 1.7 percent to $295.9 million from $300.9 million during the same period last year. Consolidated comparable store sales decreased 1.5 percent.
Sales Summary by Business Segment (dollars in millions)
Retail Segments Period Ended % Change 5 Weeks: 07/05/03 Total** Comp* ShopKo $214.9 (3.1)% (3.1)% Pamida 81.0 2.3 2.8 Total Retail $295.9 (1.7)% (1.5)% 22 Weeks: ShopKo $924.8 (3.9)% (3.9)% Pamida 323.2 1.1 1.8 Total Retail $1,248.0 (2.7)% (2.5)% * Comparable store sales represent sales of those stores open during both fiscal years. ** Pamida division total sales variance reflects sales in the prior year periods from six locations which have been closed and not replaced.
The Company expects consolidated comparable store sales for the month of July to be negative low single digits.