SACKETS HARBOR, N.Y., Feb. 3, 2010 (GLOBE NEWSWIRE) -- Hackett’s Stores, Inc. (Pink Sheets:HCKI) announced today that its wholly owned subsidiary, Patrick Hackett Hardware Company, flagship Ogdensburg, NY store had the best monthly year-over-year sales increase since 2007. In fact, despite the recent challenges facing Patrick Hackett Hardware Company, its recent January Ogdensburg sales were greater than the similar period in 2007, which represent the period prior to Seaway Valley’s (Pink Sheets:SEVA) acquisition of the retailer. Additionally, progress is evidenced by January 2010 sales being even greater than those of December 2009, which is traditionally the strongest month of the calendar year due to the holiday shopping.
“Teamwork and focus are what makes our business succeed,” said company President, Herbert Becker, “and in our case, we have a team which has really come together over recent months.” Mr. Becker was hired by Seaway Valley to take operational control over the struggling retail chain in May 2009. Over the subsequent month Mr. Becker has assembled a strong team, business plan and roadmap to recovery. Mr. Becker continued, “Much like putting together a Super Bowl team, it has taken several months for everyone to gel and come together for a common purpose.”
Hackett’s Stores, Inc. is the parent company of Patrick Hackett Hardware Company and HIIO, Inc. Patrick Hackett Hardware Company has a wide variety of merchandise and business lines, including a full service hardware, consumer electronics, equipment rental, brand name clothing, footwear, sporting goods and gourmet foods. HIIO, Inc. represents a concept platform for a new specialty retailer focused on fashion clothing and outerwear, footwear and selected gift items. There are currently no HIIO-branded stores opened to date.
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