SKF AB (TG:SKFB)
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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/