'DO YOU KNOW THE WAY TO MAC FRUGAL'S ... IN SAN JOSE?'
DOMINGUEZ, Calif., April 7 /PRNewswire/ -- Mac Frugal's Bargains - Close-outs Inc. (NYSE: MFI) announced the grand opening of a new store scheduled for Friday, April 9 at 9 a.m. The new San Jose, Calif. store, located at Hillsdale and Camden Avenue, is the company's second store in the San Jose market. This is the fifth store the company has opened in California this year. The other four are located in Southern California. "This new store in San Jose is another example of our commitment to an aggressive expansion plan in California over the next two years," commented Len Williams, president and chief executive officer. "While other companies are talking about leaving, we are aggressively working to add a significant number of new stores in California. We are putting everything we can back into our local economy," added Williams. The store represents a significant investment by Mac Frugal's Bargains - Close-outs in the community. In addition to the tax revenue the store will generate, it will also add approximately 40 jobs and more than a quarter of a million dollars in payroll to the local economy. Including the new San Jose store, the company currently operates a chain of 210 retail stores in 12 states. These stores do business as Pic'N'Save and Mac Frugal's Bargains - Close-outs. Mac Frugal's Bargains - Close-Outs, which has a loyal following of bargain shoppers, features more than 30,000 different bargains in every store. The merchandise assortment changes weekly and consists of first quality general merchandise obtained through manufacturer close-outs, overruns, discontinued lines and packaging changes. Items such as toys, clothing, accessories, housewares, tabletop, gifts, stationery, health and beauty aides, snack foods, linens and domestics, hardware, Easter decorations, and the just plain unexpected can be found at 40 percent to 70 percent off regular retail prices. -0- 4/7/93 /CONTACT: Eileen Hupp, assistant VP-marketing, 310-761-4214, or Debbi Hall, marketing, 310-761-4385, both of Mac Frugal's Bargains - Close-outs/ (MFI)
CO: Mac Frugal's Bargains - Close-outs Inc. ST: California IN: REA SU:
LS-MS -- LA008 -- 3651 04/07/93 08:02 EDT
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|Date:||Apr 7, 1993|
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