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FILENE'S BASEMENT REPORTS OCTOBER SALES

 WELLESLEY, Mass., Nov. 4 /PRNewswire/ -- Filene's Basement Corp. (NASDAQ: BSMT) today reported net sales for the four week period ended Oct. 30, 1993 of $50.1 million, up 9 percent from sales of $46.0 million for the same period last year. Comparable store sales for the four weeks this year were up 2 percent from the same period last year.
 For the quarter, sales were $161.0 million, up 7 percent from last year. Comparable store sales for the three months this year were even with the same period last year.
 Year-to-date sales were $400.7 million, up 9 percent from last year's sales of $369.3 million. Comparable store sales for the nine months this year were down 3 percent from the same year-to-date period last year.
 In commenting on the sales results, President Jim Anathan said, "We have worked for a number of months to reverse the negative same store sales trend of last spring. Since July, our trend has steadily improved and October represents a continuation of this trend."
 "We have opened two new stores in Washington, D.C. in October. We are very pleased with our reception there. Our opening sales are above plan and the market seems to be genuinely enthusiastic for our merchandise. Earlier this week, we also opened our other new downtown locations in Manhattan and Philadelphia to similarly strong sales results."
 Filene's Basement Corp., operates specialty stores which offer focused, quality, branded assortments of men's and women's apparel at prices generally 20-60 percent below department and specialty store regular prices. The company has 56 stores operating primarily in the Northeast and Midwest.
 -0- 11/4/93
 /CONTACT: Gary Crittenden, CFO of Filene's Basement, 617-348-7156/
 (BSMT)


CO: Filene's Basement Corp. ST: Massachusetts IN: REA SU: SLS

DJ-CM -- NE008 -- 0594 11/04/93 10:04 EST
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Publication:PR Newswire
Date:Nov 4, 1993
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