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CONSOLIDATED STORES CORP. REPORTS RECORD DECEMBER RETAIL SALES OF $138.3 MILLION, A 28.7 PERCENT INCREASE AND A COMPARABLE STORE SALES INCREASE OF 9.0 PERCENT

 COLUMBUS, Ohio, Dec. 30 /PRNewswire/ -- Consolidated Stores Corporation (NYSE: CNS) today reported that for the fiscal month ended Dec. 26, 1992, retail sales totaled a record $138.3 million, a 28.7 percent increase above retail sales of $107.5 million for the 1991 period. December comparable store sales for stores open two years at the beginning of the fiscal year increased 9.0 percent.
 Retail sales for the first 11 months of fiscal 1992 increased 21.4 percent to a record $846.0 million compared to 1991 retail sales of $696.6 million. Comparable store sales have increased 4.2 percent for the 11-month period.
 Reflecting upon the results of the Christmas season, William B. Snow, executive vice president, stated, "Our merchants met the challenge from Bill Kelley, our CEO, of maintaining both the sales momentum in our stores and the excitement of the Thanksgiving holiday weekend into early December. By getting the season off to a great start, we were able to offset the bad weather in mid-month and when coupled with sparkling gains during the final week of December, we wrapped up the second outstanding Christmas season in a row, posting comparable store sales gains of nine percent on top of 6.8 percent last year."
 Snow continued, "Both our Odd Lots/Big Lots stores, and All For One stores exceeded plan for the month, and we expect this trend to continue in January. We will be reporting a record year of sales and earnings for fiscal 1992 and will enter 1993 with confidence in our business plan and for the continuation of strong gains."
 Consolidated Stores Corporation, a leading retailer and wholesaler of close-out merchandise, operated 393 ODD LOTS and BIG LOTS specialty retail stores and 160 ALL FOR ONE single price point retail stores at Dec. 26, 1992.
 -0- 12/30/92
 /CONTACT: William B. Snow, executive vice president and chief financial officer of Consolidated Stores Corporation, 614-278-6810/
 (CNS)


CO: Consolidated Stores Corporation ST: Ohio IN: REA SU:

KK -- CL008 -- 0595 12/30/92 11:49 EST
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Publication:PR Newswire
Date:Dec 30, 1992
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