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CONSOLIDATED STORES CORPORATION REPORTS A 10.8 PERCENT RETAIL SALES INCREASE FOR THE FOUR WEEKS ENDED AUG. 28 TO A RECORD $71.7 MILLION

 COLUMBUS, Ohio, Sept. 2 /PRNewswire/ -- Consolidated Stores Corporation (NYSE: CNS) today reported that for the four weeks ended Aug. 28, 1993, retail sales increased 10.8 percent to a record $71.7 million compared to retail sales of $64.7 million for the 1992 period. Retail sales for the first seven months of 1993 increased 13.2 percent to a record of $508.4 million in comparison to retail sales of $449.2 million for the same period of 1992. Comparable store sales for stores open two full years increased 2.0 percent for the month and 1.4 percent for the year to date period.
 Commenting on the results, William G. Kelley, chairman and chief executive officer, stated, "Although sales softened over the last 10 days of the month because of the continued hot weather we still achieved record sales without extra promotional expenditures. Strength in both margins and expense control resulted in making planned earnings for the month in spite of sales slightly below expectations. We remain optimistic for the balance of our third quarter and fiscal year."
 Consolidated Stores Corporation, a leading retailer and wholesaler of close-out merchandise, operated 410 ODD LOTS and BIG LOTS specialty retail stores and 170 ALL FOR ONE single price point retail stores at Aug. 28, 1993.
 -0- 9/2/93
 /CONTACT: William B. Snow, executive vice president and chief financial officer of Consolidated Stores Corporation, 614-278-6810/
 (CNS)


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

AR -- CL001 -- 8276 09/02/93 09:06 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
Words:254
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