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Article: Indianapolis-Based Paul Harris Reports Dramatic Retail Rebound.(Originated from The Indianapolis Star and News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 20, 1996
- Author:
CopyrightCOPYRIGHT 1996 Knight-Ridder/Tribune Business News. 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)
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Jun. 20--Paul Harris Stores have a new look, and so the does the Indianapolis retail chain's bottom line.
Executives said they accomplished a dramatic turnaround from a year ago, surviving what Paul Harris Inc. Chairman Charlotte Fischer said was the toughest retail environment in her 25 years in the industry.
Fischer talked up the 221-store chain's successes during Wednesday's annual meeting at Paul Harris offices on the city's Northwestside.
The women's clothing company in recent months has reduced its costs by cutting inventories 8.3 percent and dropping 28 of its underperforming $5-$20 Place stores. The last six of the discount clothing stores are ...