UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 9, 1996
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(August 9, 1996)
Bradlees, Inc.
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(Exact Name of Registrant As Specified In Its Charter)
Massachusetts
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(State Or Other Jurisdiction of Incorporation)
1-11134 04-3156108
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(Commission File Number) (IRS Employer Identification No.)
One Bradlees Circle; Braintree, Massachusetts 02184
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(Address Of Principal Executive Offices) (Zip Code)
(617) 380-3000
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
Exhibit Index on Page 3
Page 1 of 5 (Including Exhibit)
Item 5: OTHER EVENTS
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On August 9, 1996, Bradlees, Inc. issued a press release
announcing the planned closing of fourteen stores within the next
few months.The store closings are subject to approval by the United
States Bankruptcy Court for the Southern District of New York.
The press release is attached hereto as Exhibit 20 and is
incorporated by reference herein.
Item 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
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Exhibit: 20 Press Release dated August 9, 1996.
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INDEX TO EXHIBITS
Exhibit No. Exhibit Page No.
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20 Press Release dated August 9, 1996. 5
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BRADLEES, INC.
AND SUBSIDIARIES
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
BRADLEES, INC.
Date: August 9, 1996 By /s/ MARK A. COHEN
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Mark A. Cohen
Chairman and
Chief Executive Officer
Date: August 9, 1996 By /s/ PETER THORNER
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Peter Thorner
President, Director and
Chief Operating Officer
Date: August 9, 1996 By /s/ CORNELIUS F. MOSES III
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Cornelius F. Moses III
Senior Vice President,
Chief Financial Officer
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Exhibit 20
CONTACT: Coleman Nee - 617-380-8354
BRADLEES ANNOUNCES ADDITIONAL RESTRUCTURING STEPS
BRAINTREE, MA, August 9, 1996 --- Bradlees, Inc. today
announced that it will close 14 unprofitable stores. The Company anticipates
these affected stores will be closed within the next few months,
immediately following their respective store closing sales.
This action is expected to improve Bradlees' financial performance,
as these closing store locations are each operating at substantial
annual losses.
In a related move, the Company will reduce its operating
divisions from ten to nine geographic market areas, allowing a
greater focus on improvements to store productivity and customer
service.
CLOSING STORE LOCATIONS
Berlin Turnpike & Deming St. Newington, CT
533 South Broad St. Meriden, CT
175 Highland Ave. Seekonk, MA
Route 541 & Burlington Rd. Burlington, NJ
140 Route 10 East Hanover, NJ
100 14th St. Jersey City, NJ
S-30 Route 17 North Paramus, NJ
Route 9 & Cobbee Rd. Latham, NY
75 Vandenberg Ave. Troy, NY
Route 1 & Highland Parkway Levittown, PA
5 Point Plaza, Route 309 & 463 Montgomeryville, PA
1 Franklin Mills Blvd. Philadelphia, PA
301 Silver Spring St. Providence, RI
300 Quaker Lane Warwick, RI
Bradlees, Inc., which currently operates 124 discount
department stores in Maine, New Hampshire, Massachusetts,
Connecticut, New York, New Jersey, Pennsylvania and Rhode
Island, emphasizes a unique blend of fashionable, high quality
apparel and home furnishings at outstanding value to its
customers. Bradlees' common stock is listed and traded on the
New York Stock Exchange under the symbol "BLE". For additional
Bradlees press releases, please call 1-800-758-5804, extension
105750
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