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JENNIFER CONVERTIBLES REPORTS COMPANY OWNED AND LICENSED STORE SALES UP; COMPARABLE OWNED AND LICENSED STORE SALES UP; ROYALTY INCOME UP

 /NOTE TO EDITORS: THE FOLLOWING REPLACES NY010 WHICH WAS KILLED EARLIER TODAY/
 PARAMUS, N.J., Aug. 18 /PRNewswire/ -- Jennifer Convertibles Inc. (NASDAQ: JENN) reported on Wednesday, Aug. 11 that sales for the month of July from company owned as well as licensed stores were $6.8 million up from $4.3 million in July of 1992, an increase of 58 percent.
 Comparable store sales for company owned as well as licensed stores opened more than one year were $5.3 million as compared to $4.3 million in 1992, an increase of 23 percent.
 Year to date sales for the 11 months ended July, 1993 from company owned as well as licensed stores were $70.5 million up from $44.1 million for the same period in 1992, an increase of 60 percent. Comparable store sales for company owned as well as licensed stores opened more than one year were $54.6 million for the 1993 year to date period as compared to $44.0 million for the 1992 year to date period, an increase of 24 percent.
 Sales for the 34 company owned stores were $3.02 million in July 1993, an increase of 9 percent from $2.76 million in July 1992. Royalty income increased by 119 percent from $79,000 in July 1992 to $173,000 in July 1993.
 Year to date sales for the 11 months ended July, 1993 for the 34 company owned stores were $35.2 million, an increase of 17 percent from $30.2 million for the same period in 1992. Royalty income for the 1993 year to date period increased by 143 percent from $699,000 for the 1992 year to date period to $1,697,000 for the 1993 year to date period.
 Jennifer Convertibles is America's largest specialty retailer of sofabeds. Jennifer currently operates 34 wholly owned stores and 71 licensed stores.
 -0- 8/18/93
 /CONTACT: Donald Radcliffe of Radcliffe & Associates, 212-605-0534/
 (JENN)


CO: Jennifer Convertibles Inc. ST: New Jersey IN: REA SU:

SM-LG -- NY023 -- 3862 08/18/93 11:01 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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