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CROWN BOOKS CORPORATION ANNOUNCES SALES

 LANDOVER, Md., May 11 /PRNewswire/ -- Robert M. Haft, chairman of the board of Crown Books Corporation (NASDAQ: CRWN), today announced sales increased 9 percent for the 13 weeks ended May 1, 1993.
 Sales were $54,500,000 compared with sales of $50,144,000 for the quarter ended April 30, 1992. The increase was primarily attributable to increased sales for Super Crown Books stores open less than one year as well as a 1 percent increase in sales for stores open more than one year. Sales for Super Crown Books stores represented 30 percent of total sales for the quarter ended May 1, 1993 compared to 18 percent for the quarter ended April 30, 1992.
 The board of directors of Crown Books Corporation approved a change in the fiscal year end from Jan. 31 to a 52/53 week fiscal year ending on the Saturday closest to Jan. 31. As a result, the above sales reflect one additional day for the quarter ended May 1, 1993. If prior year sales are adjusted to reflect the 52/53 week fiscal year, total sales increased 7 percent for the 13 weeks ended May 1, 1993, while like store sales were unchanged.
 Crown operates 249 book stores, including 32 Super Crown Books stores, in the Washington, D.C., metropolitan area; California; Houston, Texas; Chicago, Ill.; and Seattle, Wash., compared with 247 stores which included 16 Super Crown Books stores in operation one year ago.
 -0- 5/11/93
 /CONTACT: Stanley Rubenstein, 212-297-6108, for Crown/
 (CRWN)


CO: Crown Books Corporation ST: Maryland IN: REA SU:

GK-TS -- NY057 -- 2650 05/11/93 13:11 EDT
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Publication:PR Newswire
Date:May 11, 1993
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