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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): May 5, 1994
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WABAN INC.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(state or Other Jurisdiction of Incorporation)
1-10259 33-0109661
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(Commission File Number) (IRS Employer Identification No.)
One Mercer Road, Natick, Massachusetts 01760
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(Address of principal executive offices) (Zip Code)
(508) 651-6500
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Registrant's Telephone Number, Including Area Code
Not Applicable
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(Former Name or Address, if Changed Since Last Report)
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Item 5. Other Events
Set forth below are the Company's sales results for the 4-week and 13-week
periods ended May 1, 1993 and April 30, 1994:
<TABLE>
<CAPTION>
% Change
Four Weeks Ended % Change Comparable
April 30, May 1, Total Store
($ in thousands) 1994 1993 Sales Sales
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<S> <C> <C> <C> <C>
BJ's Wholesale Club $149,182 $133,391 +11.8% -7.7%
HomeBase* 114,476 144,677 -20.9% -4.5%
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Total Waban $263,658 $278,068 - 5.2% -6.2%
<CAPTION>
% Change
Thirteen Weeks Ended % Change Comparable
April 30, May 1, Total Store
($ in thousands) 1994 1993 Sales Sales
- - --------------------- -------- -------- --------- ------
<S> <C> <C> <C> <C>
BJ's Wholesale Club $486,742 $419,669 +16.0% -3.9%
HomeBase* 333,992 414,556 -19.4% -3.4%
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Total Waban $820,734 $834,225 - 1.6% -3.7%
</TABLE>
*As part of the HomeBase restructuring announced on November 16, 1993, there
is a group of approximately 24 stores that have or will be closed. HomeBase
sales for the periods ending in calendar 1994 exclude sales from these 24
stores and include results only from the remaining chain of 67 stores (versus
87 stores for the comparable periods last year). Comparable store sales
results exclude the results of the entire group of 24 HomeBase stores for both
periods.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: May 5, 1994 WABAN INC.
(Registrant)
/s/ Dale N. Garth
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By: Dale N. Garth
Senior Vice President
and Chief Financial Officer
