SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 2, 1999
Delaware 0-1500 36-1050870
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(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
36 South State Street, Chicago, Illinois 60603
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(Address of principal executive offices (Zip Code)
Registrants telephone number
including area code: (312)855-2160
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(Former name or former address, if changed
since last report)
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Item 5. Other Events
As reported by a press release dated June 2, 1999 a copy of which is
attached hereto as Exhibit 99, Registrant announced the decision to
consolidate its fur and apparel retail store network in the Chicago
area through the closing of three of its nine Chicago area stores.
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant
has duly caused this Report to be signed on its behalf by the undersigned
hereunto duly authorized.
EVANS, INC.
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(Registrant)
By_____________________
Samuel B. Garber
Vice President and
General Counsel
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EVANS, INC. ANNNOUNCES STORES CONSOLIDATION
CHICAGO, IL June 2, 1999-Evans, Inc. (NASDAQ:EVAN) today announced the decision
to consolidate its fur and apparel store network through the closing of three
of its nine Chicago-area stores.
Scheduled to close around July 31, 1999 are stores at Yorktown Shopping Center,
Lombard; Harlem Irving Plaza, Norridge; and Orland Square Shopping Center,
Orland Park. Approximately 40 employees will be affected by the closings.
Robert K. Meltzer, President and Chief Executive Officer, said,
'The consolidation of our retail store network will enable us to focus our
resources on a homogenous group of stores that will continue to serve our
demographic customer base.'
Meltzer said there are no plans for additional Chicagoland store closings. 'We
have successfully perservered through a number of business cycles in our
70-year history. Our fur business has been negatively impacted by two
consecutive warm winters, but fur is very much in fashion and the economy
remains strong. With our leaner, more focused retail marketing strategy,
we are optimistic about a financial turnaround.'
Ongoing company-owned stores in the Chicago area are located at 36 South State
Street; Ford City Shopping Center, Chicago; River Oaks Shopping Center,
Calumet City; North Riverside Shopping Center, North Riverside; and two stores
at Evergreen Plaza Shopping Center, Evergreen Park.
Founded in 1929, Evans, Inc. is the nations largest retail fur merchandiser.
In addition to fur, the company-owned Chicagoland stores also feature womens
apparel and fur services. Fifteen company-owned stores are located in the
Metropolitan Chicago, Austin, Dallas, and Washington, D.C. areas. The company
also operated leased departments in 54 locations in major department store
chains nationwide. Evans, Inc.s website can be accessed at www.evansfurs.com.
