|
|
Article: PAUL HARRIS REPORTS HIGHER FOURTH QUARTER EARNINGS AS STRONG HOLIDAY SALES BALANCE WEATHER-IMPACTED JANUARY
- Article from:
- PR Newswire
- Article date:
- March 11, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Outlook is for Improving Margins, Leaner Inventories,
New Store Openings in 1996
INDIANAPOLIS, March 11 /PRNewswire/ -- Paul Harris Stores, Inc. (Nasdaq: PAUH), a specialty retailer of private-label women's casual wear, today announced strong fourth quarter results. Significant achievements for the year include reduction in per-store inventories, a lower debt-to-equity ratio, and improved operating efficiencies. The company anticipates that further gains from existing and new locations, continued closing of unprofitable locations, and improved merchandising will all contribute to growth in 1996.
Fourth quarter 1995 earnings ...