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CONSTON ANNOUNCES RESULTS OF ITS OPERATIONS FOR SECOND QUARTER

 CONSTON ANNOUNCES RESULTS OF ITS OPERATIONS FOR SECOND QUARTER
 PHILADELPHIA, Jan. 14 /PRNewswire/ -- Conston Corporation (AMEX: KCS) today announced the results of operations for its second quarter ended Nov. 30, 1991.
 Conston, a specialty retailer of women's clothing and accessories, sells larger size women's apparel.
 Net sales of $56,025,000 for the 26 weeks ended Nov. 30, 1991, increased 11 percent from $50,672,000 during the comparative period in 1990. The net loss during the period increased from $1,061,000 ($.11 per share) during 1990 to $9,793,000 ($.77 per share) in 1991. However, the 1990 loss was reduced by the adjustment of the restructuring reserve of $8 million, while in 1991 the loss included a restructuring charge of $2,608,000.
 For the 13 weeks ended Nov. 30, 1991, Conston's net sales increased 8 percent to $25,668,000 from $23,705,000 during the comparative period in 1990. The net loss changed from $2,106,000 ($.22 per share on an average of 9.5 million shares outstanding) to $3,357,000 ($.21 per share on a weighted average of 15,893,000 shares outstanding) in 1991. However, the 1990 loss was reduced by the adjustment of the restructuring reserve of $6 million.
 On the positive side, comparative store sales increases of 7.5 percent were achieved during the 26 weeks ended Nov. 30, 1991. However, sales were below projected levels due to the continued recession with resultant soft retail sales as well as inadequate store inventory positions due to the lack of anticipated funding from Cascade International, Inc. This resulted in additional promotions to produce the necessary cash flow ensuring the continued flow of merchandise through the holiday season. Sales during 1990 were adversely affected by reduced inventory levels during most of the period due to the difficulties in obtaining merchandise as a result of the Chapter 11 filing on June 23, 1990.
 CONSTON CORPORATION
 Twenty-six weeks ended Nov. 30, 1991 Dec. 1, 1990
 Sales $56,025,000 $50,672,000
 Net Loss (9,793,000) (1,061,000)
 Loss Per Share $(.77) $(.11)
 Weighted Average
 Shares Outstanding (A) 12,742,000 9,500,000
 Thirteen weeks ended Nov. 30, 1991 Dec. 1, 1990
 Sales $25,668,000 $23,705,000
 Loss (3,357,000) (2,106,000)
 Loss Per Share $(.21) $(.22)
 Weighted Average
 Shares Outstanding (A) 15,983,000 9,500,000
 (A) Adjusted for the 25 percent stock split issued on Oct. 2, 1991, and the issuance of 10 million shares for the debt conversion.
 /delval/
 -0- 1/14/92
 /CONTACT: Ira Quint, president of Conston, 215-492-9700/
 (KCS) CO: Conston Corporation ST: Pennsylvania IN: REA SU: ERN


MK-JS -- PH040 -- 9770 01/14/92 17:48 EST
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Date:Jan 14, 1992
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