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FILENE'S BASEMENT REPORTS NOVEMBER SALES

 FILENE'S BASEMENT REPORTS NOVEMBER SALES
 WELLESLEY, Mass., Dec. 5 /PRNewswire/ -- Filene's Basement Corp.,


(NASDAQ: BSMT) reported net sales for the four week period ended Nov. 30, 1991 of $51.1 million, an increase of 16 percent from sales of $44.2 million for the same period in 1990. Comparable store sales for the four weeks this year were down 3 percent from the same period last year. This year's selling calendar consists of two days following Thanksgiving compared to nine days last year. For the 10 months ended Nov. 30, 1991, sales were $376.8 million, up 15 percent from last year. Comparable store sales for the 10 months this year were down 1 percent from the same year to date period last year.
 In commenting on the results, Jim Anathan, Filene's Basement president, said, "November started off with strong momentum, then slowed at mid-month and picked-up again late in the month. The two day post- Thanksgiving period ended on a positive note. Overall, we continue to be pleased with our new stores, which are performing above plan. The particularly strong performance of our three new Chicago stores reinforces the viability of the Basement's expansion strategy into new markets outside of New England."
 Filene's Basement Corp., operates specialty stores which offer focused, quality, branded assortments of men's and women's apparel at discount prices. The company has 37 stores, primarily in the Northeast corridor extending from Portland, Maine to Philadelphia. Three stores were recently opened in the greater metropolitan Chicago market.
 -0- 12/5/91
 /CONTACT: Jim Anathan, president of Filene's Basement Corp., 617-348-7042/
 (BSMT) CO: Filene's Basement Corp. ST: Massachusetts IN: REA SU:


KM -- NE003 -- 9582 12/05/91 10:29 EST
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Publication:PR Newswire
Date:Dec 5, 1991
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