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50-OFF STORES REPORTS INCREASED SALES

 50-OFF STORES REPORTS INCREASED SALES
 SAN ANTONIO, Texas, March 5 /PRNewswire/ -- San Antonio based off-


price apparel retailer 50-OFF Stores, Inc. (NASDAQ: FOFF) continued its upward sales trend with the announcement of its sales for the four-week period ended Friday, Feb. 28, 1992. Sales increased 52 percent to $9.2 million from $6.1 million for the same period last year. Comparable store sales increased 13 percent for the four-week period.
 Charles Siegel, chairman, president and CEO of the company, stated that this year's February sales are especially impressive since they compare so favorably to last year's strong results. He further stated that seven of the 10 stores planned for March-April openings have opened and the three remaining stores are all on schedule.
 Including the seven new store openings, the company currently operates 73 stores in Texas, Oklahoma, New Mexico, Tennessee and Louisiana and plans to open an aggregate of 45 to 50 stores over the next 24 months.
 -0- 3/5/92
 /CONTACT: Lucy Behrens of 50-OFF Stores, 512-653-8000/
 (FOFF) CO: 50-OFF Stores Inc. ST: Texas IN: REA SU:


TS -- NY023 -- 5341 03/05/92 09:58 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 5, 1992
Words:189
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