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ODD'S-N-END'S FOURTH QUARTER SALES INCREASE 61 PERCENT

 BUFFALO, N.Y., March 17 /PRNewswire/ -- Odd's-n-End's, Inc. (NASDAQ: ODDE), a Buffalo, N.Y. based close-out retailer, today reported record sales for its fiscal 1993 fourth quarter and year ended Jan. 31, 1993. For the fourth quarter, sales rose 61 percent to $9,599,000 and for the year sales rose 57 percent to $25,671,000. Comparable same store sales (stores open more than two years, after taking into consideration expanded stores) for the fourth quarter and year end rose 2.0 percent and 2.3 percent, respectively.
 During the past year, the company opened 19 new stores and remodeled and expanded three others, while closing two of its existing stores. The company ended the year with 47 stores in operation, up 57 percent over the 30 stores operating as of Jan. 31, 1992. During the year the aggregate square footage of the company's stores increased by 85 percent so that at Jan. 31, 1993 total square footage was 377,000 and average store size had increased 1,200 square feet over the prior year to 8,000 square feet.
 John H. Clark, president of the company, stated that the company anticipates that earnings for its fiscal 1993 fourth quarter and year ended Jan. 31, 1993 will be at record levels and that the company's year end audit is expected to be completed within three weeks.
 -0- 3/17/93
 /CONTACT: John H. Clark, president of Odd's-n-End's, Inc., 716-874-9004/
 (ODDE)


CO: Odd's-n-End's, Inc. ST: New York IN: REA SU:

KK -- CL006 -- 6971 03/17/93 10:51 EST
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Publication:PR Newswire
Date:Mar 17, 1993
Words:259
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