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FILENE'S BASEMENT REPORTS AUGUST SALES

 WELLESLEY, Mass., Sept. 2 /PRNewswire/ -- Filene's Basement Corp. (NASDAQ: BSMT) today reported net sales for the four week period ended Aug. 28, 1993 of $44.0 million, up 5 percent from sales of $41.9 million for the same period last year. Comparable store sales for the four weeks this year were down 2 percent from the same period last year.
 Year-to-date sales were $283.7 million, up 9 percent from last year. Comparable store sales for the seven months this year were down 5 percent from the same year-to-date period last year.
 In commenting on the month's results, Jim Anathan, president, said, "Against a backdrop of industry-wide weakness in apparel spending, we believe our performance for the month was generally good." He added, "In the last half of the month of August, we initiated a number of new programs in merchandising, pricing and advertising. Soon, we will introduce a new in-store signage program. We will report on the results of these efforts in the coming months."
 Filene's Basement Corp., operates specialty stores which offer focused, quality branded assortments of men's and women's apparel at prices generally 20-60 percent below department and specialty store regular prices. The company has 52 stores operating primarily in the Northeast and Midwest.
 -0- 9/2/93
 /CONTACT: Gary Crittenden, CFO of Filene's Basement Corp., 617-348-7156/
 (BSMT)


CO: Filene's Basement Corp. ST: Massachusetts IN: REA SU: ERN

DJ-CM -- NE006 -- 8332 09/02/93 10:27 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
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