Trak Auto Corporation Announces Sales
7 November 1997
Trak Auto Corporation Announces SalesLANDOVER, Md., Nov. 7 -- Trak Auto Corporation , announced that sales decreased 2.9% from $265.4 million during the 39 weeks ended November 2, 1996 to $257.8 million during the 39 weeks ended November 1, 1997 and sales decreased 2.6% from $88.0 million during the 13 weeks ended November 2, 1996 to $85.7 million during the 13 weeks ended November 1, 1997. Comparable sales (stores open more than one year) decreased 8.0% and 7.5% during the 39 and 13 weeks ending November 1, 1997, respectively. Comparable sales for Super Trak and Super Trak Warehouse stores decreased 8.0% and 7.6% and comparable sales for Classic stores decreased 7.8% and 7.1% for the 39 and 13 weeks ended November 1, 1997, respectively. Sales for Super Trak stores and Super Trak Warehouse stores represented 69.3% and 70.5% of total sales for the 39 and 13 weeks ended November 1, 1997 compared to 58.3% and 60.0% for the 39 and 13 weeks ended November 2, 1996. On October 6, 1997, Trak Auto Corporation announced it had entered into a contract to sell its operations in California. Accordingly, sales excluding the California operations, were $184.7 million and $62.4 million during the 39 and 13 weeks ended November 1, 1997, respectively, compared to $184.7 million and $62.0 million during the 39 and 13 weeks ended November 2, 1996, respectively and comparable sales, excluding California, decreased 7.6% and 6.8% during the 39 and 13 weeks ended November 1, 1997. Trak Auto Corporation operates 277 stores, including 128 Super Trak stores and 45 Super Trak Warehouse stores in the Washington, D.C.; Richmond, Virginia; Chicago, Illinois; Pittsburgh, Pennsylvania; Milwaukee, Wisconsin; and Los Angeles, California metropolitan areas, compared with 276 stores including 118 Super Trak stores and 35 Super Trak Warehouse stores in operation one year ago. SOURCE Trak Auto Corporation