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FILENE'S BASEMENT REPORTS SALES FROM OCTOBER AND THIRD QUARTER

 FILENE'S BASEMENT REPORTS SALES FROM OCTOBER AND THIRD QUARTER
 WELLESLEY, Mass., Nov. 5 /PRNewswire/ -- Filene's Basement Corp. (NASDAQ: BSMT) reported net sales for the four week period ended Oct. 31, 1992 of $46.3 million, an increase of 5 percent from sales of $44.1 million for the same period in 1991. Comparable store sales for the four weeks this year were up 2 percent from the same period last year. On a comp-store, comp-business day calendar, adjusting for seven Massachusetts stores closed this year on Columbus Day, same store sales were up 3 percent.
 For the quarter and nine months ended Oct. 31, 1992, sales were $151.8 million up 17 percent and $370.4 million up 14 percent respectively from the prior year. Comparable store sales for the quarter were up 3 percent and were even against the same year-to-date period last year.
 In commenting on the third quarter's sales results, Jim Anathan, Filene's Basement president said, "We are generally pleased with our comp-store and total sales performance for the quarter. On a comparative basis, total sales for October 1992 were impacted by the opening surge associated with our immensely successful entry into the Chicago market during the October 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 49 stores operating primarily in the Northeast and the Midwest.
 -0- 11/5/92
 /CONTACT: Jim Anathan, president of Filene's Basement, 617-348-7042/
 (BSMT) CO: Filene's Basement ST: Massachusetts IN: REA SU: ERN


CH -- NE006 -- 2905 11/05/92 09:21 EST
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Publication:PR Newswire
Date:Nov 5, 1992
Words:277
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