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CONSOLIDATED STORES CORPORATION REPORTED RETAIL SALES FOR THE FIVE WEEKS ENDED MAY 1, 1993 INCREASED 19.7 PERCENT AND SALES IN COMPARABLE STORES ROSE 7.4 PERCENT

 COLUMBUS, Ohio, May 6 /PRNewswire/ -- Consolidated Stores Corporation (NYSE: CNS) today reported that for the five weeks ended May 1, 1993, retail sales totaled a record $89.8 million, a 19.7 percent increase above retail sales of $75.0 million for the 1992 period. Comparable store sales for stores open two years at the beginning of the fiscal year increased 7.4 percent in the period.
 Retail sales for the first quarter of 1993 increased 10.3 percent to a record $205.4 million from $186.2 million in the first quarter of 1992. Comparable store sales for the first quarter declined 2.1 percent.
 Commenting on the results, William G. Kelley, chairman, president and chief executive officer, stated, "Sales were up sharply in April, both before and after the Easter season, and reflected an immediate return to expected results as soon as the weather returned to normal. In spite of excellent sales in April, which are continuing in May, we could not offset the slow start in the first two months of the quarter. As a result, first quarter earnings will be below last year, but in line with the lower range of analysts' expectations. We are optimistic that our value oriented customers will continue to respond to the exciting mix of appealing and quality merchandise they desire, and we are comfortable that our expectations for the year will be achieved."
 Consolidated Stores Corporation, a leading retailer and wholesaler of close-out merchandise, operated 388 ODD LOTS and BIG LOTS specialty retail stores and 167 ALL FOR ONE single price point retail stores at May 1, 1993.
 -0- 5/6/93
 /CONTACT: William B. Snow, executive vice president and chief financial officer, Consolidated Stores Corporation, 614-278-6810/
 (CNS)


CO: Consolidated Stores Corporation ST: Ohio IN: REA SU:

AR -- CL003 -- 5215 05/06/93 08:31 EDT
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Publication:PR Newswire
Date:May 6, 1993
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