Paul Harris Stores Inc., Indianapolis, IN, had first-quarter sales of $58.4 million, up from $52.3 million in first-quarter 1998. Net sales were $683,000, down from $1.57 million, largely due to soft April sales. The quarter ended May 1.
During the quarter, Paul Harris acquired The J. Peterman Company, a move that had "a positive impact on first quarter 1999 results," although the company did not break out sales or income separately. Additionally, the firm opened a J. Peterman Company space inside the Paul Harris Indianapolis flagship store.
Paul Harris Stores, Inc. is a specialty retailer of moderately priced sportswear and accessories sold under the Paul Harris brand. The company currently operates 307 Paul Harris stores located in 29 states. The Company also operates 10 J. Peterman stores located in 8 states.
