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DISCOUNT AUTO PARTS OPENS NEW STORES IN FLORIDA

 LAKELAND, Fla., March 9 /PRNewswire/ -- Discount Auto Parts, Inc. (NYSE: DAP) is continuing its expansion in Florida with the opening of a 15,000-square-foot depot store in Kendall and a 17,000-square-foot depot store in Key West on March 13. In addition, company President Denis Fontaine said that the company is also celebrating the grand re-opening of two stores that had been damaged during Hurricane Andrew, a 13,800- square-foot depot store in Perrine and a 9,500-square-foot mini-depot in Homestead on that same date.
 The company operates three different types of stores, depending on the characteristics of the local market. A standard store typically has about 6,000 square feet of selling space. The mini-depot, geared to suburban markets, is slightly larger with an average size of 8,000 to 12,000 square feet, and the warehouse-style depot format has up to 20,000 square feet. Fontaine said that Discount Auto Parts currently operates eight depot stores and plans several more this year.
 The public is invited to attend the grand opening activities which will be from 8 a.m. to closing at each location, and include giveaways and special sale prices.
 Fontaine said that the two new stores are part of a planned 20-store expansion this year and bring the total number of stores to 166 at present. This 15 percent store growth rate, which matches the company's rate of growth over the past five years, will accelerate to 40 new locations in 1994, according to Fontaine. He said that 300 stores should be open by the end of 1996. He added that the company plans to fund the growth out of existing cash flow.
 To support the expansion, Discount Auto Parts is investing $5.2 million to almost double the size of its distribution center here to 305,000 square feet.
 New store locations will not be limited to the company's home state. Several locations in Georgia have been selected and should be operational this year -- marking its first venture outside Florida -- and Fontaine said that other states may be added in the future.
 Discount Auto Parts, Inc. is Florida's leading specialty retailer of automotive replacement parts, maintenance items and accessories for the "Do-It-Yourself" ("DIY") consumer.
 -0- 3/9/93
 /CONTACT: Denis Fontaine, president, or William Perkins, CFO of Discount Auto Parts, 813-687-9226/
 (DAP)


CO: Discount Auto Parts ST: Florida IN: REA SU:

SS-AW -- FL002 -- 4370 03/09/93 08:56 EST
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Publication:PR Newswire
Date:Mar 9, 1993
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