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AILEEN, INC. REPORTS FISCAL 1992 RESULTS

 NEW YORK, Dec. 29 /PRNewswire/ -- Aileen, Inc. (NYSE: AEE), a manufacturer and retailer of women's apparel, today announced its results of operations for the fiscal year and quarter ended Oct. 31, 1992. Such results, on a comparative basis with the prior year's results, are as follows:
 STATEMENT OF INCOME
 (Audited) (Audited)
 52 weeks ended 52 weeks Ended
 10/31/92 11/2/91
 Net retail sales $ 61,563,000 $ 57,870,000
 Net other sales 2,558,000 7,043,000
 Total net sales 64,121,000 64,913,000
 Net earnings 1,014,000 6,019,000
 Earnings per share .19 1.15
 (Unaudited) (Unaudited)
 13 weeks ended 13 weeks ended
 10/31/92 11/2/91
 Net retail sales $ 15,936,000 $ 16,024,000
 Net other sales 320,000 1,166,000
 Total net sales 16,256,000 17,190,000
 Net earnings (loss) (364,000) 1,716,000
 Earnings (loss) per share (.07) .32
 Comparable store sales statistics, reflecting the sales of the 90 stores open throughout both the fiscal year ended Oct. 31, 1992 and the fiscal year ended Nov. 2, 1991, declined by 5.0 percent from 1991 to 1992. Comparable store sales statistics for the fourth fiscal quarter, reflecting the sales of the 102 stores open throughout such quarters in both 1991 and 1992, show a 9.3 percent decline. Comparable store sales have continued negative into the first quarter of fiscal 1993, with an estimated decline of 11.8 percent for the 112 stores open throughout November in both fiscal 1992 and 1993.
 The company had 132 retail stores open at the end of fiscal 1992, compared to 117 stores at the end of fiscal 1991. In fiscal 1993, the company expects a net increase of at least 25 open stores; 19 stores were opened and 4 stores were closed in fiscal 1992.
 In reporting the year-end and fourth quarter results for fiscal 1992, the company pointed out that the drop in total net sales reflects the company's planned scaledown of its wholesale operations. The decline in net income for fiscal 1992 and the net loss for the fourth quarter were attributed primarily to the increased markdowns taken to meet price competition from other retailers and bring inventories in line with sales levels that were lower than anticipated, as well as the increased manufacturing variances resulting from curtailed production schedules implemented as part of the inventory control measures.
 Despite the disappointing results for fiscal 1992 when compared with the prior year's dramatically-improved results, the company reported its third successive profitable year since restructuring its operation in fiscal 1990. In looking ahead in fiscal 1993, the company expects an improving retail climate, an upgraded store design in new stores and a broadening and frequent freshening of its apparel lines to improve store sales, while per-item manufacturing cost reductions achieved through the activation of newly-purchased equipment and the additional production necessary to stock the increasing number of stores should improve the bottom line.
 -0- 12/29/92
 /CONTACT: Steve Delman, 212-398-9770, or David Poisson, 703-984-4181, both of Aileen, Inc./
 (AEE)


CO: Aileen, Inc. ST: New York IN: REA SU: ERN

TM-KW -- NY004 -- 0243 12/29/92 08:00 EST
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Date:Dec 29, 1992
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