Trak Auto Corporation Announces Sales
20 May 1998
Trak Auto Corporation Announces SalesLANDOVER, Md., May 20 -- Trak Auto Corporation announced sales for the 13 weeks ended May 2, 1998 decreased 35.9% to $53.1 million compared to $81.6 million for the weeks ended May 3, 1997. The decrease is primarily due to Trak Auto's sale of its California operations in December 1997 and the closure of its Pittsburgh, Pennsylvania market on January 31, 1998. Comparable sales (stores open more than one year) decreased 2.2% for the 13 weeks ended May 2, 1998. Sales for comparable Super Trak and Super Trak Warehouse stores decreased 2.0%, and sales for comparable Classic Trak stores decreased 2.8% for the 13 weeks ended May 2, 1998. Comparable store sales decreased primarily as a result of an increased number of competitor stores entering Trak's geographic markets decreasing Trak's per store market share. Sales for Super Trak stores and Super Trak Warehouse stores represented 72.6% of total sales for the 13 weeks ended May 2, 1998 compared to 68.1% for the 13 weeks ended May 3, 1997. Trak Auto Corporation currently operates 181 stores, including 90 Super Trak stores and 26 Super Trak Warehouse stores in Washington, DC; Richmond, Virginia; Chicago, Illinois; Milwaukee, Wisconsin and central Pennsylvania.