Braun's Fashions Reports March Same-Store Sales; Company Announces Increase In Credit Facility.

MINNEAPOLIS--(BUSINESS WIRE)--April 1, 1999--Braun's Fashions Corporation (Nasdaq: BFCI) today reported that total sales for its four-week period ended March 27, 1999, rose to $7.0 million from $6.3 million last year. Same store sales increased 3% in March. As of March 27, 1999 Braun's operated 196 stores compared with 184 stores on March 28, 1998.

Bill Prange, President and Chief Executive Officer of Braun's Fashions Corporation commented, "For comparative sales purposes, March and April should be viewed as one sales period because of the Easter holiday. Since March is a four- week period for Braun's compared to a five-week period for most other retailers, we will have one less week of pre- Easter business in March. However, in comparison to other retailers, our longer April period should benefit from an extra week of pre-Easter selling."

The Company also announced that it has increased its revolving credit facility with Norwest Bank Minnesota, N.A. to $12.0 million from $10.0 million, subject to inventory levels. The revolving credit facility is available for seasonal working capital needs and other general corporate purposes, and will now mature on June 30, 2002. The Company has no borrowings on the credit facility, and has historically only used the line of credit to facilitate the opening of letters of credit for import purchases.

Braun's Fashions Corporation is a Minneapolis-based specialty retailer of women's clothing and accessories that focuses on quality/value-priced fashions for working women. Presently, the company has 196 stores operating in 22 states, located primarily in the upper Midwest.

This release contains forward-looking statements regarding future performance of the company. The achievement of such results is subject to certain risks and uncertainties, including changes in economic, market and weather conditions, the effect of consumer tastes and spending habits, the realization of expected economies gained through the use of private label and direct import merchandise, management of growth and other factors outside the company's control, including factors discussed from time to time in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to update these forward- looking statements to reflect events or circumstances that may arise after the date hereof.