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Stocks E / Elder-Beerman Stores


Subject:  New Store Format Date:  10/13/1999  8:50 PM
Author:  dont2 Number:  12 of 18

Per 10/13/99 Dayton Daily News:

EBSC opened the first store of its new design at Warsaw, Indiana. This is the prototype for future stores. It has a circular layout to optimize customer ease of access to merchandise, customer service people in departments, but checkout at central wrapdesks. It is 2/3 the size with lower construction and operating costs than previous stores. Sales revenue is expected to be $148/sq ft. Another store is scheduled to open next month in Frankfort, KY. The new layout is part of EBSC's response to shareholder pressure to restore profitability. It has already divested its money losing shoe chain and announced a $24 million stock buyback.

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