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

 DOMINGUEZ, Calif., July 8 /PRNewswire/ -- Mac Frugal's Bargains - Close-Outs Inc. (NYSE: MFI) announced today that its sales for the five weeks ended July 4, 1993, were $43,838,000, up 3.6 percent, compared with $42,322,000 in the prior year. Sales in comparable stores for the five weeks were down 7.5 percent. Sales for the 22 weeks year-to-date were $208,047,000, an increase of 9.8 percent from the prior year's sales of $189,567,000. Year-to-date comparable store sales showed no change from the previous year.
 Leonard S. Williams, president and chief executive officer, commented that weekly sales had been erratic over the five-week period and that business had been stronger in the south and southeast compared to the west. In addition, one less circular had been distributed this June compared with June of last year.
 The company operates a chain of 214 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- 7/8/93
 /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:

LS-JL -- LA008 -- 9283 07/08/93 06:00 EDT
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Publication:PR Newswire
Date:Jul 8, 1993
Words:247
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