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CROWN BOOKS ANNOUNCES SALES

 CROWN BOOKS ANNOUNCES SALES
 LANDOVER, Md., Feb. 10 /PRNewswire/ -- Robert M. Haft, chairman of


Crown Books Corporation (NASDAQ: CRWN), announced that sales increased 5.6 percent for the fiscal year ended Jan. 31, 1992. Sales were $232,650,000 compared with sales of $220,304,000 for the same period one year ago. Sales for the fourth quarter ended Jan. 31, 1992 increased 6.2 percent to $82,770,000 from $77,958,000. These increases were primarily due to 5.6 percent and 5.3 percent increases in sales for the three months and the 12 months ended Jan. 31, 1992, for stores open more than one year.
 The board of directors also announced Haft has been elected chairman of Crown Books Corporation and will continue as president and chief executive officer of the corporation.
 During the fiscal year ended Jan. 31, 1992, six new stores were opened, of which two were Super Crown Books stores. In addition, eight classic Crown Books stores were expanded to Super Crown Books stores. Crown Books currently operates 254 book stores in the Washington, D.C. metropolitan area; California; Houston; Chicago, and Seattle, compared with 259 stores in operation one year ago.
 -0- 2/10/92
 /CONTACT: Stanley Rubenstein, 212-297-6108, for Crown Books/
 (CRWN) CO: Crown Books Corporation ST: Maryland IN: REA SU:


JT-KD -- NY076 -- 8455 02/10/92 16:34 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 10, 1992
Words:229
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