ShopKo Reports March Retail Sales

Apr 12, 2001, 01:00 ET from ShopKo Stores, Inc.

    GREEN BAY, Wis., April 12 /PRNewswire/ --
     ShopKo Stores, Inc., (NYSE:   SKO) today reported net sales for the
 five-week period ended April 7, 2001 increased 8.7 percent to $295.9 million
 from $272.3 million during the same period last year.  Excluding sales of
 liquidated merchandise from the 23 ShopKo stores which were closed during the
 first week in April, total consolidated comparable store sales increased
 0.9 percent when compared to a 9.9 percent decrease from the same period last
 year.  Including the sales from the 23 ShopKo stores which were closed during
 the first week in April, comparable store sales increased 3.1 percent compared
 to a 10.2 percent decrease from the same period last year.
 
            Sales Summary by Business Segment (dollars in millions)
 
     Retail Segments                 Period Ended              % Change
     5 Weeks:                         04/07/01            Total         Comp
 
       ShopKo (excluding closed stores) $204.5             5.2%          3.5%
       ShopKo (including closed stores)  227.3             7.7           6.1
       Pamida                             68.6            11.8          (7.6)
       *Total Retail (including
        closed stores)                  $295.9             8.7%          3.1%
       Total Retail (excluding closed
        stores)                         $273.1             6.8%          0.9%
 
     9 Weeks:
       ShopKo (excluding closed stores) $363.7             3.4%          1.6%
       ShopKo (including closed stores)  419.6             9.6           8.0
       Pamida                            124.0            12.4          (7.6)
       *Total Retail (excluding
        closed stores)                  $487.6             5.5%         (0.6)%
       Total Retail (including
        closed stores)                  $543.6            10.3%          4.6%
 
     *For all periods presented, total retail sales are exclusive of layaway
      sales.
 
     *Comparable store sales represent sales of those stores open during both
      years.
 
     ShopKo Stores Inc. will continue to provide weekly comparable store sales
 updates on consolidated comparable store sales performance.  An audio
 recording of the previous week's results will be available after 10:00 AM CST
 Monday by calling 920-429-7039.  These recorded messages will not be available
 on the Monday preceding monthly sales releases.
     ShopKo Stores, Inc., a Fortune 500 company headquartered in Green Bay,
 Wis., operates 370 retail stores in 23 states, primarily in the Midwest,
 Western Mountain and Pacific Northwest regions.  Retail operations include
 141 specialty discount stores operating under the ShopKo name in mid-sized and
 larger cities, and 229 Pamida discount stores in smaller, rural communities.
 For more information about ShopKo or Pamida visit our website at
 http://www.shopko.com
 
     This press release contains forward-looking statements within the meaning
 of the safe harbor provisions of the Private Securities Litigation Reform Act
 of 1995.  Such statements are subject to important factors which could cause
 ShopKo's actual results to differ materially from those anticipated by the
 forward-looking statements.  These factors include those referenced in
 ShopKo's current Annual Report on Form 10-K or as may be described from time
 to time in ShopKo's subsequent SEC filings and such factors are incorporated
 by reference.
 
 

SOURCE ShopKo Stores, Inc.
    GREEN BAY, Wis., April 12 /PRNewswire/ --
     ShopKo Stores, Inc., (NYSE:   SKO) today reported net sales for the
 five-week period ended April 7, 2001 increased 8.7 percent to $295.9 million
 from $272.3 million during the same period last year.  Excluding sales of
 liquidated merchandise from the 23 ShopKo stores which were closed during the
 first week in April, total consolidated comparable store sales increased
 0.9 percent when compared to a 9.9 percent decrease from the same period last
 year.  Including the sales from the 23 ShopKo stores which were closed during
 the first week in April, comparable store sales increased 3.1 percent compared
 to a 10.2 percent decrease from the same period last year.
 
            Sales Summary by Business Segment (dollars in millions)
 
     Retail Segments                 Period Ended              % Change
     5 Weeks:                         04/07/01            Total         Comp
 
       ShopKo (excluding closed stores) $204.5             5.2%          3.5%
       ShopKo (including closed stores)  227.3             7.7           6.1
       Pamida                             68.6            11.8          (7.6)
       *Total Retail (including
        closed stores)                  $295.9             8.7%          3.1%
       Total Retail (excluding closed
        stores)                         $273.1             6.8%          0.9%
 
     9 Weeks:
       ShopKo (excluding closed stores) $363.7             3.4%          1.6%
       ShopKo (including closed stores)  419.6             9.6           8.0
       Pamida                            124.0            12.4          (7.6)
       *Total Retail (excluding
        closed stores)                  $487.6             5.5%         (0.6)%
       Total Retail (including
        closed stores)                  $543.6            10.3%          4.6%
 
     *For all periods presented, total retail sales are exclusive of layaway
      sales.
 
     *Comparable store sales represent sales of those stores open during both
      years.
 
     ShopKo Stores Inc. will continue to provide weekly comparable store sales
 updates on consolidated comparable store sales performance.  An audio
 recording of the previous week's results will be available after 10:00 AM CST
 Monday by calling 920-429-7039.  These recorded messages will not be available
 on the Monday preceding monthly sales releases.
     ShopKo Stores, Inc., a Fortune 500 company headquartered in Green Bay,
 Wis., operates 370 retail stores in 23 states, primarily in the Midwest,
 Western Mountain and Pacific Northwest regions.  Retail operations include
 141 specialty discount stores operating under the ShopKo name in mid-sized and
 larger cities, and 229 Pamida discount stores in smaller, rural communities.
 For more information about ShopKo or Pamida visit our website at
 http://www.shopko.com
 
     This press release contains forward-looking statements within the meaning
 of the safe harbor provisions of the Private Securities Litigation Reform Act
 of 1995.  Such statements are subject to important factors which could cause
 ShopKo's actual results to differ materially from those anticipated by the
 forward-looking statements.  These factors include those referenced in
 ShopKo's current Annual Report on Form 10-K or as may be described from time
 to time in ShopKo's subsequent SEC filings and such factors are incorporated
 by reference.
 
 SOURCE  ShopKo Stores, Inc.

RELATED LINKS

http://www.shopko.com