Hart Stores Reports 4.8% Increase in First Quarter Sales



    MONTREAL, June 12 /CNW Telbec/ - Hart Stores Inc., an operator of
mid-sized department stores (HIS:TSX), reported sales of $30.1 million for the
first quarter ended May 5, 2007, an increase of $1.4 million or 4.8 % over
sales of $28.7 million in the same period last year.
    For the first quarter, the Company reported net loss of $304,000 or $0.02
per share compared to net earnings of $13,000 or $0.00 per share in the
corresponding quarter in the prior year. Earnings were affected by the long
term debt and higher amortization related to the new head office and
distribution facility, as well as the costs incurred with the renovation and
expansion of three existing stores and a later start to the spring fashion
season.
    "We are pleased with the sales increase in the first quarter this year
with a same store sales increase of 2% and are encouraged by the positive
performance of our new stores in Ontario" said Michael Hart President and
Chief Executive Officer of Hart Stores, "We are continuing our planned
expansion with the opening of three additional stores in the months of August
and September, in the towns of North Bay (Ontario), Fleurimont (Québec) and
Tracadie-Sheila (N.B.)."
    Mr. Harry Hart, Executive Chairman of Hart Stores announced, "The Board
of Directors is pleased to declare a dividend of $0.10 per share payable on
July 11, 2007 to shareholders of record on June 21, 2007."

    
    -------------------------------------------------------------------------
                                                           Unaudited
    First Quarters                                 13 weeks         13 weeks
    (in thousands of dollars,                   Ended May 5,  Ended April 29,
     except per share amounts)                         2007             2006
    -------------------------------------------------------------------------
    Sales                                            30,079           28,715
    Net earnings (loss)                                (304)              13
    Net earnings (loss) per share                     (0.02)            0.00
    -------------------------------------------------------------------------
    

    About Hart Stores Inc.:

    Hart Stores Inc. operates a network of 75 mid-sized department stores
under the Hart, Bargain Giant and Géant des Aubaines banners. The stores are
located in secondary and tertiary markets throughout Eastern Canada where the
Company has established a dominant position in many of the communities that it
serves. The stores offer an extensive and differentiated selection of national
and exclusive fashion apparel brands as well as family footwear, home
furnishings, giftware, toys and seasonal goods.
    %SEDAR: 00004123EF




For further information:

For further information: Mr. Michael Hart, President and Chief Executive
Officer, Hart Stores Inc., (450) 661-4155, mihart@hartstores.com;
www.hartstores.com

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Hart Stores Inc.

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