ARCA Announces Plans to Open ApplianceSmart Factory Outlet in San Antonio in October
2004年8月4日 - 2:39AM
PRニュース・ワイアー (英語)
ARCA Announces Plans to Open ApplianceSmart Factory Outlet in San
Antonio in October MINNEAPOLIS, Aug. 3 /PRNewswire-FirstCall/ --
Appliance Recycling Centers of America, Inc. (OTC Bulletin Boards:
ARCI) today announced that it will open a 36,000-square-foot
ApplianceSmart factory outlet superstore in San Antonio, Texas, in
October. Located off I-35/I-410 near the Windsor Park Mall in the
northeastern metro area, the new factory outlet will be ARCA's
first retail location in the San Antonio area and tenth nationally.
The San Antonio outlet will be one of the largest appliance
showrooms in Texas. Like all ApplianceSmart factory outlet
superstores, the new San Antonio location will carry a wide range
of special-buy major household appliance brands, including Maytag,
GE, Frigidaire, Whirlpool, KitchenAid, Jenn-Air, Amana, Magic Chef
and Roper. Special-buy appliances, which ApplianceSmart sells at a
significant discount to retail, include new in-the-box closeouts,
factory overruns, discontinued models and thousands of discounted
out-of-box items. Edward R. (Jack) Cameron, president and chief
executive officer, commented: "Due to the soundness of our
special-buy retail concept, we believe ApplianceSmart will become a
strong presence in the San Antonio marketplace in a relatively
short period of time. Our new San Antonio factory outlet, which
will offer customers an unprecedented selection of high-quality,
discount- priced appliances, will benefit from its excellent,
high-traffic location. Marking our initial entry into Texas, this
expansion will also position us to open additional ApplianceSmart
factory outlets in that area of the country." The company
previously announced that second quarter same-store sales of the
eight ApplianceSmart factory outlets open during the complete
second quarters of 2003 and 2002 rose 13%. Total retail sales
increased 26% for the quarter, paced by the strong performance of
the new outlet serving the Atlanta market. As of July 2004,
ApplianceSmart was operating nine outlets: four in the
Minneapolis/St. Paul market; three in the Columbus, Ohio market;
one in the Atlanta market and one in Los Angeles. About ARCA
Through its ApplianceSmart operation, ARCA is one of the nation's
leading retailers of special-buy household appliances. These
special-buy appliances, which typically are not integrated into the
manufacturer's normal distribution channel, are sold by
ApplianceSmart at a discount to full retail. ApplianceSmart offers
a 100% money-back guarantee as well as warranties on parts and
labor. ARCA is also one of the nation's largest recyclers of major
household appliances for the energy conservation programs of
electric utilities. Statements about ARCA's outlook are
forward-looking and involve risks and uncertainties, including but
not limited to: the speed at which individual ApplianceSmart
outlets reach profitability, the growth of appliance retail sales,
the strength of energy conservation recycling programs, and other
factors discussed in the Company's filings with the Securities and
Exchange Commission. Visit our web sites at http://www.arcainc.com/
and http://www.appliancesmart.com/. DATASOURCE: Appliance Recycling
Centers of America, Inc. CONTACT: Edward R. (Jack) Cameron,
president and chief executive officer, Appliance Recycling Centers
of America, Inc., +1-952-930-9000 Web site:
http://www.appliancesmart.com/
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