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Home > Company Index > Retail > Discount & Variety Retailing > Ames Department Stores, Inc.

Ames Department Stores, Inc.
Nasdaq: AMES
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 NEWS FROM THE WIRES
Nasdaq asks Ames for additional information
Aug 20 2001 09:59 AM PDT

Ames Department Stores files for bankruptcy
Aug 20 2001 08:19 AM PDT

Ames to close 47 stores, affecting 2,000 employees
Aug 16 2001 06:15 AM PDT

Ames to close 47 stores, affecting 2,000 employees
Aug 16 2001 06:15 AM PDT

Wal-Mart says shoppers spent 25 pct of tax rebates
Aug 09 2001 01:46 PM PDT

More WIRE STORIES about this company

 PROFILE
Long before Wal-Mart invaded New England, Ames Department Stores offered hoi polloi discount shopping on a variety of general merchandise. It operates about 450 stores in 19 northeastern, mid-Atlantic, and midwestern states and in Washington, DC. Ames significantly bolstered its presence in those areas when it bought the 155-store Hills Stores chain in 1999. Located primarily in small cities and suburbs, Ames stores are generally smaller than the stores of national retailers such as Wal-Mart and Kmart. Most of its shoppers are women seeking discounted name brands (clothing, furniture, housewares), health and beauty aids, and crafts. Ames also attracts seniors through its 55 Gold discount card promotion.

 COMPETITION
Kmart Corporation (KM)
Target Corporation (TGT)
Wal-Mart Stores, Inc. (WMT)

 DEALS
Deal: TradeOut Partners With Ames Department Stores
Date Announced: 01.10.01
Value of transaction (US $Mil): 0
Description: Business-surplus retail site enters business partnership with nationwide discount retailer.

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 STOCK ANALYSIS
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FURTHER ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: January
2001 Sales (mil.): 3,953.60
1-Yr. Sales Growth: 3.0%
Employees: 32,700
Revenue per employee: $120,905.20

 KEY PEOPLE
• Joseph R. Ettore
    CEO
• Rolando de Aguiar
    CFO

 CONTACT INFO
2418 Main St.
Rocky Hill, CT 06067
US
Phone: 860-257-2000
Fax: 860-257-2198
Online: Web Site

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