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AILEEN, INC. REPORTS MARCH SAME-STORE SALES

 NEW YORK, April 7 /PRNewswire/ -- Aileen, Inc. (NYSE: AEE), a manufacturer and retailer of women's apparel, today announced that its comparable store sales for March 1993, reflecting the sales of 119 of its 139 stores open at the end of such month, declined by an estimated 21.3 percent from such sales for March 1992. Net retail sales and total net sales for March 1993 will be included in the results of operations for the second quarter of fiscal 1993, which are expected to be reported in late May. The company believes that the negative comparable store sales figures for March reflect continuing adverse weather conditions in major markets and a general weakness in consumer confidence and retail buying.
 The company also reported that it has entered into a new credit agreement with its bank lender, extending the maturity date of the company's existing credit line to March 31, 1995, increasing the amount of the line from $5 million to $6 million and adjusting the existing financial covenants to the company's current business plan. As so modified, the credit line continues unsecured, with interest at the bank's prime rate.
 -0- 4/7/93
 /CONTACT: Steve Delman, 212-398-9770 or David Poisson, 703-984-4181, both of Aileen/
 (AEE)


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

GK-AH -- NY065 -- 3913 04/07/93 16:37 EDT
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Publication:PR Newswire
Date:Apr 7, 1993
Words:223
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