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 9,1996
CARSON PIRIE SCOTT & CO.
- - ---------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Illinois
- - ---------------------------------------------------------------
(State or other jurisdiction of incorporation)
0-22682 37-0175980
- - ------------------------------------------------------------------------
Commission File Number (IRS Employer Identification No.)
331 West Wisconsin Avenue, Milwaukee, Wisconsin 53203
- - ------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(414) 347-4141
- - -----------------------------------------------------------------
Registrant's Telephone Number
<PAGE>
Item 5. Other Events.
On May 9, 1996, Carson Pirie Scott & Co. reported its
sales for the first quarter in a news release, a copy of which
is attached as Exhibit 1.
Item 7. Exhibits.
1. News Release, dated May 9, 1996.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
Dated May 12, 1996.
CARSON PIRIE SCOTT & CO.
By: /s/ Charles J. Hansen
------------------------
Charles J. Hansen
Vice President,
General Counsel,
and Secretary
<PAGE>
EXHIBIT INDEX
Page
No.
-----
1. News release dated as of May 9, 1996 5
<PAGE>
EXHIBIT 1
Investors Media
- - ----------- ------
John M. Doyle Edward P. Carroll, Jr.
V.P.--Treasurer Executive V.P. Marketing
(414) 278-5757 (414) 347-5340
FOR IMMEDIATE RELEASE
THURSDAY, May 9, 1996
CARSON PIRIE SCOTT & CO. SALES FOR APRIL DOWN 2.3%;
COMBINED MARCH AND APRIL SALES UP 5.7%
MILWAUKEE, WISCONSIN, MAY 9, 1996--Carson Pirie Scott & Co.
(NYSE: CRP) today reported that sales for the four weeks
ended May 4, 1996 decreased 1.5% to $83.3 million. On a
comparable store basis sales declined 2.3%.
SALES SUMMARY
---------------------
($ in Millions)
Comparable
Sales Store Sales
Period 1996 1995** % Change** % Change*
- - ------ ----- ------ --------- -------------
April $83.3 $84.6 - 1.5% - 2.3%
Year
to
date $236.8 $249.4 - 5.0% + 4.6%
Total
Stores 54 53
* Comparable sales represent sales of those stores open
during both years.
** 1995 total sales include $25.0 million of sales from
eight stores that were sold to Mervyn's in March 1995.
Stanton J. Bluestone, Chairman and Chief Executive Officer
of Carson Pirie Scott & Co., commented:
"The decline in April sales primarily reflected the shift of
Easter into the month of March, but sales were also impacted
negatively by cooler than normal temperatures. For the
combined March and April period, which eliminates the effect of the
Easter shift, our comparable store sales grew 5.7%. The 1995
renovated stores continued to pace the Company with a 22.3% increase
for the month."
The April sales results brought to a close a successful
first quarter in which we recorded a 4.6% same-store sales gain.
The sales results for the quarter were driven by our apparel
categories. Double-digit increases were recorded in Better
Sportswear, Special Sizes and the entire Men's category.
Based on our good top-line performance, I expect first quarter net
earnings from operations will be approximately double the
prior year results of $0.07 per share."
Carson Pirie Scott & Co., a major department store retailer,
operates 51 department stores and 3 furniture stores: 31
Carson Pirie Scott stores in greater Chicago, Indiana and
Minnesota; 12 Bergner's stores in central Illinois; and 11 Boston Stores
in Wisconsin.
