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MAC FRUGAL'S BARGAINS - CLOSE-OUTS INC. REPORTS FEBRUARY SALES

 DOMINGUEZ, Calif., March 4 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) reported today that its sales for the four weeks ended Feb. 28, 1993, were $36,690,000, up 12.4 percent from $32,640,000 in the prior year. Sales in comparable stores for the four weeks increased 5.1 percent.
 Len Williams, president and chief executive officer, commented that he was pleased with the result, especially as stores in California had been adversely impacted by heavy rain throughout February.
 The company operates a chain of 207 retail stores in 12 states. These stores, which do business as Pic 'N' Save and Mac Frugal's Bargains - Close-outs, feature a wide variety of first quality general merchandise obtained through manufacturer close-outs, overruns, discontinued lines and packaging changes. An ever-changing assortment of merchandise is typically sold at 40 percent to 70 percent off regular retail prices.
 -0- 3/4/93
 /CONTACT: Phil Carter, senior VP and CFO, 310-761-4167, or Dan Felsenthal, controller, 310-761-4104, both of Mac Frugal's Bargains - Close-outs/
 (MFI)


CO: Mac Frugal's Bargains - Close-outs Inc. ST: California IN: REA SU:

JB-MS -- LA006 -- 2730 03/04/93 06:00 EST
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Publication:PR Newswire
Date:Mar 4, 1993
Words:189
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