Did you hear?… Galyan's Trading Company Inc. reports first quarter net sales of $113.5 million

Galyan’s Trading Company Inc. (Nasdaq: GLYN) has reported net sales for the first quarter were $113.5 million, a 29.1 percent gain over the same quarter last year. Comparable store sales rose 5.1 percent compared to the 3.3 percent growth in the first quarter last year. During the fiscal first quarter of 2002 ending May 4, Galyan’s opened two new stores: its third store in Chicago, Ill., and its second store in Denver, Col. The company previously announced an accelerated plan of new store openings with nine stores planned for fiscal 2002, including the two new stores already opened in the fiscal first quarter. These nine new stores represent approximately a 34-percent increase in gross square footage and will bring the total stores to 35 by the end of fiscal 2002. The Company, which operates 28 stores in 14 states and offers outdoor and athletic equipment, apparel, footwear and accessories, as well as casual apparel and footwear, plans to release financial results for its fiscal first quarter on May 23. For more, go to www.galyans.com