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FILENE'S BASEMENT REPORTS SALES FOR FEBRUARY

 WELLESLEY, Mass., March 4 /PRNewswire/ -- Filene's Basement Corp. (NASDAQ: BSMT) reported net sales for the four week period ended Feb. 27, 1993 of $30.2 million, and increase of 3 percent from sales of $29.3 million for the same period in 1992. Comparable store sales for the four weeks this year were down 10 percent from the same period last year.
 In commenting on February's results, Jim Anathan, president said, "Sales for February fell well below expectations primarily as a result of unfavorable weather conditions and lower levels of spring merchandise inventories compared to last year," he added, "February is the lowest sales volume month for us in the first quarter and it is still too early to say how the spring selling period will develop. As we go into March, our stores are now fully stocked with fresh spring merchandise. Thus, while I cannot quantify our first quarter's results at this time, our outlook for the whole of 1993 is positive."
 Filene's Basement Corp. operates specialty stores which offer focused, quality brand assortments of men's and women's apparel at discount prices. The company has 49 stores operating primarily in the Northeast and the Midwest.
 -0- 3/4/93
 /CONTACT: Jim Anathan of Filene's Basement Corp., 617-348-7042/
 (BSMT)


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

TM -- NE004 -- 2892 03/04/93 10:26 EST
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Date:Mar 4, 1993
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