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GANTOS, INC. REPORTS MAY SALES

 GRAND RAPIDS, Mich., June 3 /PRNewswire/ -- Gantos, Inc. (NASDAQ: GTOS) today announced sales of $19.8 million for the four week period ended May 30, 1993, down 14 percent from the same period a year ago. Sales for stores open throughout both periods decreased by 14 percent.
 Sales for the seventeen weeks ended May 30, 1993, were $79.0 million, down 8 percent from the same period last year. Sales for stores open throughout both periods decreased by 8 percent.
 Douglas Gantos, Chief Executive Officer, said, "We recognized that the customer was not responding well to our merchandise mix late in April and began taking corrective action to reverse the trend immediately. We expect inventory levels to be on plan and will have made refinements to our merchandise mix to more closely meet our customer's expectations by the end of the second quarter."
 Gantos, Inc. is a leading retailer of quality women's wear and accessories. The Company currently operates 157 stores in 25 states.
 -0- 6/3/93
 /CONTACT: Wayne J. Hutnick, Vice President/CFO of Gantos, 616-940-9207/
 (GTOS)


CO: Gantos, Inc. ST: Michigan IN: REA SU:

KR -- DE006 -- 4802 06/03/93 09:06 EDT
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Publication:PR Newswire
Date:Jun 3, 1993
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