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CARTER HAWLEY HALE EXPLORING EQUITY OFFERING

 LOS ANGELES, April 15 /PRNewswire/ -- Carter Hawley Hale Stores Inc. (NYSE: CHH) today announced that it is considering a public equity offering of newly issued common stock.
 While specific details are undetermined, the company is considering an offering in excess of $100 million, subject to market conditions, to be completed this summer. Although the offering price and specific use of the funds, all of which would go to CHH, are largely undetermined, the company continues to view store remodeling and debt repayment as top priorities. Since this is still in the exploratory stage, no assurance can be given that such an offering will occur. Any offering will be made only by means of a prospectus.
 Carter Hawley Hale is one of the nation's largest department store companies with annual sales of approximately $2.1 billion. It operates 83 stores under the names of The Broadway, The Broadway Southwest, Emporium and Weinstocks.
 -0- 4/15/93
 /CONTACT: Bill Dombrowski, VP-public affairs of Carter Hawley Hale, 213-227-3884/
 (CHH)


CO: Carter Hawley Hale Stores Inc. ST: California IN: REA SU: OFR

KJ-LS -- LA001 -- 6023 04/15/93 08:32 EDT
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Publication:PR Newswire
Date:Apr 15, 1993
Words:187
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