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FILENE'S BASEMENT REPORTS DECEMBER SALES

 FILENE'S BASEMENT REPORTS DECEMBER SALES
 WELLESLEY, Mass., Jan. 3 /PRNewswire/ -- Filene's Basement Corp.,


(NASDAQ: BSMT) reported net sales for the four-week period ended Dec. 28, 1991, of $63.3 million, an increase of 19 percent from sales of $53.3 million for the same period in 1990. Comparable store sales for the four weeks this year were up 1 percent from the same period last year. For the 11 months ended Dec. 28, 1991, sales were $440.1 million, up 15 percent from last year. Comparable store sales for the 11 months this year were down 1 percent from the same year-to-date period last year.
 In commmenting on the results, Jim Anathan, Filene's Basement president, said, "All regions contributed to the positive comp-store results with particular strength in the New York/New Jersey markets. On a non-comp basis, Chicago continues to be the stellar performer."
 Filene's Basement Corp., operates specialty stores which offer focused, quality, branded assortments of men's and women's apparel at discount prices. The company has 37 stores, primarily in the Northeast corridor extending from Portland, Maine, to Philadelphia. Three stores were recently opened in the greater metropolitan Chicago market.
 -0- 1/3/92 R
 /CONTACT: Jim Anathan, president of Filene's Basement Corp., 617-348-7042/
 (BSMT) CO: Filene's Basement Corp. ST: Massachusetts IN: REA SU:


SH -- NE002 -- 6444 01/03/92 10:41 EST
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Publication:PR Newswire
Date:Jan 3, 1992
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