All For A Dollar announces year-end results.

SPRINGFIELD, Mass.--(BUSINESS WIRE)--March 25, 1996--All For A Dollar Inc. (OTC:AFAD), today announced sales and earnings for the fourth quarter and fiscal year ended Dec. 30, 1995.

Sales for the fourth quarter decreased 4.7 percent to $17.0 million from $17.8 million in the corresponding period in 1994, primarily as a result of unusually inclement December weather. Same store sales declined 5.6 percent for the quarter. During the 1995 fourth quarter the company opened five new stores. Income before reorganization items and income taxes for the fourth quarter was $1.6 million, compared to $1.3 million in the corresponding period in 1994. The net income for the quarter was $4.4 million, or $.63 per share, primarily as a result of recording a $2.6 million income tax benefit for net operating loss carryforwards, compared to a net loss of $944,000, or $.14 per share, in the corresponding period in 1994.

Sales for the fiscal year ended Dec. 30, 1995 decreased 14.2 percent to $47.3 million from $55.2 million in 1994. Same store sales increased 1.1 percent for the year. The loss before reorganization items and income taxes for the year was $894,000, compared to a loss of $4.6 million in 1994. The net income for the year was $8.3 million, or $1.19 per share, compared to a net loss of $12.4 million, or $1.78 per share for 1994.

The company also announced that it has sublet or assumed eight store leases from Rich's $1, $2, $3 stores effective March 1, 1996. All For A Dollar presently operates 122 retail close-out variety stores in nine northeastern states. Additionally, the company will add two new stores to the Rochester, N.Y. market in April.

The company also announced the employment of Joseph B. Carey of Wilbraham, Mass. to serve as controller.

CONTACT: All For A Dollar

Donald A. Molta, 413/733-1203