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

 DOMINGUEZ, Calif., Oct. 7 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) announced today that its sales for the five weeks ended Oct. 3, 1993, were $50,744,000, up 15.7 percent from $43,849,000 in the prior year. Sales in comparable stores for the five weeks were down 0.2 percent. Sales for the 35 weeks year-to-date were $331,773,000, an increase of 10.3 percent from the prior-year's sales of $300,748,000. Year-to-date comparable stores sales declined 1.0 percent.
 Leonard S. Williams, president and chief executive officer, commented that comparable sales for the month were positive in all markets except California. He further added that the California results continue to be impacted by the ongoing recession and increasing cannibalization of sales as the company's expansion in California continues.
 The company operates a chain of 222 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- 10/7/93
 /CONTACT: Phil Carter, executive VP & CFO, 310-761-4167, or Dan Felsenthal, controller, 310-761-4104/
 (MFI)


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

NY-JL -- LA015 -- 9569 10/07/93 06:00 EDT
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Publication:PR Newswire
Date:Oct 7, 1993
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