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FILENE'S BASEMENT REPORTS DECEMBER SALES

 WELLESLEY, Mass., Jan. 6 /PRNewswire/ -- Filene's Basement Corp. (NASDAQ: BSMT) today reported net sales for the five week period ended Jan. 1, 1994 of $93.0 million, up 15 percent from sales of $80.9 million for the same period last year. Comparable store sales for the five weeks this year were up 3 percent from the same period last year.
 In commenting on December sales results, President Jim Anathan said, "In light of industry-wide sluggishness in apparel sales, we are very pleased with our same store sales results in December. It is a further indication that our merchandising and marketing initiatives implemented this Fall are taking hold. Stores opened in 1993 also continue to show strong sales. In particular, we are pleased with the response received from our newest market, Washington, D.C."
 Year-to-date sales were $557.8 million, up 10 percent from last year's sales of $505.8 million. Comparable store sales for the eleven months this year were down 2 percent from the same year-to-date period last year.
 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 56 stores operating primarily in the Northeast and Midwest.
 -0- 1/6/94
 /CONTACT: Gary Crittenden, CFO of Filene's Basement, 617-348-7156/
 (BSMT)


CO: Filene's Basement Corporation ST: Massachusetts IN: REA SU: SLS

CM-DJ -- NE010 -- 9673 01/06/94 09:13 EST
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Publication:PR Newswire
Date:Jan 6, 1994
Words:244
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