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BEN FRANKLIN RETAIL STORES, INC. ANNOUNCES MANAGEMENT CHANGES

 CAROL STREAM, Ill., Dec. 2 /PRNewswire/ -- Ben Franklin Retail Stores, Inc. (NASDAQ: BFRS) today announced that the company has accepted the resignation of Dale D. Ward, president and chief executive officer. Ward also resigned as a director of Ben Franklin. He will continue his employment with the company in an advisory role through May 5, 1994, in order to insure an orderly transition.
 The company also announced that John B. Menzer was elected president effective today. Menzer joined the company in 1985 and has served in various management positions, most recently as executive vice president, chief operating officer and chief financial officer.
 David A. Brainard has been elected senior vice president and chief financial officer, replacing Menzer. Brainard joined the company in 1988 and most recently held the position of vice president accounting and finance.
 Ward stated, "After serving in a variety of roles throughout my five year tenure with Ben Franklin, I feel confident that now is the appropriate time to step aside and provide others with the opportunity to advance within the Company. I wish continued success to the entire Ben Franklin family."
 Co-chairmen of the board, Abbey J. Butler and Melvyn J. Estrin stated, "Dale has made many important contributions to Ben Franklin during his leadership tenure. We commend him for the job he has done with Ben Franklin and wish him well in his future endeavors. Dale leaves the Company in John's capable hands with a strong management group in place. Among his many contributions, John has spearheaded our successful Ben Franklin Crafts Program."
 Ben Franklin Retail Stores, Inc. is the franchisor to 634 variety and 266 craft stores in 47 states. In addition, the company also owns and operates 10 Ben Franklin craft superstores.
 -0- 12/2/93
 /CONTACT: David A. Brainard, senior vice president - chief financial officer, of Ben Franklin Retail Stores, Inc., 708-462-6345/
 (BFRS)


CO: Ben Franklin Retail Stores, Inc. ST: Illinois IN: REA SU: PER

BM-KL -- CL015 -- 9952 12/02/93 16:07 EST
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Publication:PR Newswire
Date:Dec 2, 1993
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