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AMES REPORTS OCTOBER SALES

 ROCKY HILL, Conn., Nov. 4 /PRNewswire/ -- Ames Department Stores, Inc. (NASDAQ: AMES) today announced net sales of $176.1 million for the four weeks ended October 30, 1993, compared with net sales of $196.1 million for the four weeks ended October 24, 1992.
 Net sales for the 39-week year-to-date period were $1.458 billion, compared with net sales of $1.683 billion in the year-earlier period. October 1993 and year-to-date sales were based on the current 309-store chain, compared with October 1992 and prior year-to-date net sales, which represented 369 stores.
 Comparable-store sales for the October four-week period were $176.1 million, compared with $170.9 million in the same period last year, an increase of 3.0 percent on a 309-store base. Comparable-store sales for the year-to-date period were $1.458 billion, compared with $1.463 billion in the year-earlier period, a decrease of 0.3 percent.
 Peter Thorner, Ames' President and Chief Operating Officer, said, "We are pleased with October sales results. As has been true throughout the year, our principal focus remains on the maintenance of an improved gross margin rate and earnings level, both of which have been significantly ahead of last year."
 Ames operates 309 discount department store in 14 Northeastern states.
 -0- 11/4/93
 /CONTACT: Marge Wyrwas, 203-257-2659, or Andrea Priest, Ogilvy Adams & Rinehart, 212-880-5272/
 (AMES)


CO: Ames Department Stores, Inc. ST: Connecticut IN: REA SU:

DH -- NY023 -- 0547 11/04/93 09:11 EST
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Publication:PR Newswire
Date:Nov 4, 1993
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