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50-OFF STORES REPORTS INCREASED NET SALES

 50-OFF STORES REPORTS INCREASED NET SALES
 SAN ANTONIO, Aug. 6 /PRNewswire/ -- San Antonio based off-price


apparel retailer 50-OFF Stores, Inc. (NASDAQ-NMS: FOFF) continued its upward sales trend with the announcement of record net sales for both its quarterly and July periods ended July 31, 1992.
 For the second quarter ended July 31, 1992, net sales increased 38.4 percent to $36.4 million from $26.3 million. Net sales for the five-week July period increased 35.0 percent to $13.9 million from $10.3 million. Net sales on a comparable store basis for both the quarterly and five-week period were relatively flat, increasing .2 percent and decreasing .7 percent, respectively.
 Company president, CEO and chairman of the board, Charles Siegel, commented that management was pleased with the results since unseasonably cool and rainy weather adversely affected sales during the quarter. Comparable store sales were in line with expectations considering last year's increases over the prior year exceeded 23 percent for both July and the quarter.
 The company currently operates 85 stores in seven states in the South and Southwest, which include the nine recently opened stores. Thirteen additional stores are expected to open by October including the company's first entry into Georgia with six stores in Atlanta.
 -0- 8/6/92
 /CONTACT: Lucy F. Behrens of 50-OFF Stores, 512-653-8000/
 (FOFF) CO: 50-OFF Stores, Inc. ST: Texas IN: REA SU:


SH -- NY059 -- 7578 08/06/92 11:56 EDT
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Publication:PR Newswire
Date:Aug 6, 1992
Words:239
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