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AILEEN, INC. REPORTS JANUARY SAME-STORE SALES

 NEW YORK, Feb. 8 /PRNewswire/ -- Aileen, Inc. (NYSE: AEE), a manufacturer and retailer of women's apparel, today announced that its comparable store sales for January 1993, reflecting the sales of 114 of its 139 stores open at the end of such month, increased by an estimated 17.4 percent from such sales for January 1992, bringing the comparable store sales for the fiscal quarter ended Jan. 30, 1993, the first quarter of fiscal 1993, to a decline of approximately 3.5 percent from such sales for the first quarter of the prior fiscal year. Net retail sales and total net sales for January 1993 will be included in the results of operations for the first quarter of fiscal 1993, which are expected to be reported in early March.
 The company noted that the turnaround in January's comparable store sales, after declines of 11.8 percent and 14 percent, respectively, for November and December 1992, can be attributed to a significant increase in markdowns taken during January to reduce inventories and free retail store space for incoming spring and summer lines. Inventories of finished goods available for sale are now at substantially the same levels as at the end of the first quarter of the prior fiscal year, despite a 14 percent increase in the number of open stores.
 Management views the inventory reduction and the additional cash flow generated by the markdown-induced increase in January sales as positive steps to prepare the company for successful spring and summer selling seasons, though the increased markdowns are expected to add significantly to the anticipated loss for the first quarter of fiscal 1993. The company had previously indicated that such loss would exceed the net loss incurred in the first quarter of the prior fiscal year.
 -0- 2/8/93
 /CONTACT: Steve Delman, 212-398-9770, or David Poisson, 703-984-4181, of Aileen, Inc./
 (AEE)


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

LD-KW -- NY007 -- 3899 02/08/93 08:01 EST
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Publication:PR Newswire
Date:Feb 8, 1993
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