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HECHINGER COMPANY ANNOUNCES JANUARY SALES

 LANDOVER, Md., Feb. 4 /PRNewswire/ -- Hechinger Company (NASDAQ-NMS: HECHA and HECHB) today announced monthly sales for January of $113.0 million, which represents a 16 percent increase from January 1992 sales of $97.7 million. Comparable store sales were up 1 percent for the month. Total sales for fiscal 1992 were $1.9 billion, a 16 percent increase from $1.6 billion in fiscal 1991. Comparable store sales were up 7 percent for fiscal 1992.
 Comparable store sales for the Hechinger Stores division were up 2 percent for January. This increase was on top of a 16 percent comparable store sales increase in January 1992. Comparable store sales for the Home Quarters Warehouse division were down 4 percent for the month. Home Quarters also turned in a 16 percent comparable store sales increase in January 1992. During the first half of January 1993, sales were adversely impacted by poor weather conditions in most of the company's markets.
 Comparable store sales for fiscal 1992 were up 6 percent for the Hechinger Stores division and up 7 percent for the Home Quarters Warehouse division.
 In other news, on Feb. 13, the company will celebrate the grand opening of three Hechinger Home Project Centers. Two new Home Project Center's are located in Dale City and Annandale, Va., bringing the total number of Home
Project Center's in the Washington metropolitan market to seven. An additional Home Project Center will open at Security Mall in Baltimore, bringing the total number of Home Project Center's in the Baltimore market to eight.
 Hechinger Company is a leading specialty retailer, currently operating 124 home centers in 18 states and the District of Columbia. The company serves the growing home improvement industry through its three divisions: Hechinger, Home Quarters Warehouse, and Triangle Building Centers.
 -0- 2/4/93
 /CONTACT: W. Clark McClelland, senior vice president-finance, Hechinger Company, 301-341-0450/
 (HECH)


CO: Hechinger Company ST: Maryland IN: REA SU:

DC -- DC010 -- 2875 02/04/93 10:25 EST
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Publication:PR Newswire
Date:Feb 4, 1993
Words:327
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