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50-OFF STORES, INC. REPORTS INCREASED SALES

 SAN ANTONIO, Texas, Jan. 7 /PRNewswire/ -- San Antonio based off- price apparel retailer 50-OFF Stores, Inc. (NASDAQ-NMS: FOFF) announced its net sales for the four-week period ended Dec. 25, 1992 increased 41.4 percent to $33.1 million from $23.4 million for the same period last year. Net sales on a comparable store basis for the four-week period were down 3.3 percent.
 Charles Siegel, the company's chairman, commented on the results. "We are pleased with the results of the four-week Christmas selling period, particularly considering the Mexican government's strict duty enforcement on goods purchased in the United States. This had a material adverse impact on operations during December in the company's stores located near the Texas/Mexico border. Excluding such border stores, net sales on a comparable store basis increased approximately 1 percent; which was in line with the company's expectations since last year's net sales on a comparable store basis increased almost 16 percent over the prior year."
 50-OFF Stores, Inc. operates 98 stores in eight states in the South and Southwest. The company expects to open 12 of the 32 planned new stores for the 1993 calendar year in March.
 -0- 1/7/93
 /CONTACT: Lucy Behrens of 50-OFF Stores, Inc., 210-805-9300/
 (FOFF)


CO: 50-OFF Stores, Inc. ST: Texas IN: REA SU:

SM -- NY028 -- 2544 01/07/93 09:47 EST
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Publication:PR Newswire
Date:Jan 7, 1993
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