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50-OFF STORES, INC. REPORTS INCREASED SALES

 SAN ANTONIO, Texas, April 8 /PRNewswire/ -- San Antonio based off-price apparel retailer 50-OFF Stores, Inc. (NASDAQ: FOFF) announced its net sales for the four-week period ended March 26, 1993 increased 9.6 percent to $13.7 million from $12.5 million for the same period last year. Net sales on a comparable store basis for the four-week period were down 21.5 percent.
 A company spokesperson stated that the lower than expected net sales increase for the four-week period was primarily due to contrasting weather conditions as well as the continued negative impact on 10 of the company's stores operating along the Texas/Mexico border resulting not only from a change in the Mexican duty law, whereby a Mexican national living in Mexico's interior is limited to a maximum $50 duty free purchase from the previous law which allowed $300, but also the strict enforcement of such law.
 50-OFF Stores, Inc. operates 110 stores in 12 states in the South. The company has completed its plan to open 12 new stores during the March-April period, including its first entries into the states of Missouri, Kentucky, North Carolina and Florida. The company expects to open up to 32 stores for the current 1994 fiscal year, primarily in the Southeast.
 -0- 4/8/93
 /CONTACT: Lucy Behrens of 50-OFF Stores, Inc., 210-805-9300, ext. 903/
 (FOFF)


CO: 50-OFF Stores, Inc. ST: Texas IN: REA SU:

SM -- NY020 -- 4093 04/08/93 09:14 EDT
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Publication:PR Newswire
Date:Apr 8, 1993
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