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AMES REPORTS DECEMBER SALES

 ROCKY HILL, Conn., Jan. 7 /PRNewswire/ -- Ames Department Stores, Inc. today announced net sales of $447.5 million for the five weeks ended Dec. 26, 1992, compared with net sales of $425.5 million for the five weeks ended Dec. 28, 1991. Comparable-store sales for the period increased 6.2 percent to $390.8 million from $367.9 million in the prior year.
 Net sales are based on 369 stores, while comparable-store sales are based on 309 stores.
 Peter Thorner, Ames' chief operating officer, said, "We are pleased with the strong increase in comparable-store sales during the most important selling season of the year. These results are attributable, in part, to the continued hard work of Ames' associates and the strong support of its vendors. Given the Northeast's competitive environment and difficult economic conditions, we are quite pleased with this performance."
 Ames, which emerged from Chapter 11 bankruptcy protection Dec. 30, 1992, operates 309 discount department stores in 14 Northeastern states. The stock of the new reorganized company (AMES) is listed on the National Association of Securities Dealers Automated Quotation (NASDAQ) system.
 -0- 1/7/93
 /CONTACT: Marge Wyrwas of Ames Department Stores, Inc., 203-257-2659, or Jon Murchinson of Ogilvy Adams & Rinehart, 212-880-5281, for Ames Department Stores, Inc./


CO: Ames Department Stores, Inc. ST: Connecticut IN: REA SU:

CK-OS -- NY033 -- 2561 01/07/93 10:09 EST
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Publication:PR Newswire
Date:Jan 7, 1993
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