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FRIEDMAN'S INC. REPORTS 1993 CHRISTMAS QUARTER SALES

 SAVANNAH, Ga., Jan. 6 /PRNewswire/ -- Friedman's Inc. (NASDAQ-NMS: FRDM) today announced total revenues, composed of net merchandise sales, finance charges and other revenue, increased 49.8% to $30.7 million for the quarter ended Dec. 31, 1993, from $20.5 million for the same period in 1992.
 Net merchandise sales increased 46.9% to $28.5 million for the quarter ended Dec. 31, 1993, from $19.4 million for the same period in 1992. Comparable store sales increased 5.6% for the Dec. 31, 1993, quarter.
 The company had 92 stores in operation for the 1993 Christmas selling season, compared to 57 stores in operation for the 1992 Christmas selling season. Bradley J. Stinn, president and chief executive officer of Friedman's, stated: "We are pleased with the sales results for the December 1993 quarter, which exceeded our expectations. The 52 established stores in our comparable store base performed well. Moreover, the 40 new stores which are not in our comparable store base achieved our expectations. Based on this performance, we plan to continue our expansion program focusing new store openings mainly in power strip centers. We plan to have approximately 130 stores in operation for the 1994 Christmas selling season."
 Friedman's Inc. is a rapidly expanding specialty retailer of fine jewelry based in Savannah. The company is the leading operator of fine jewelry stores located in power strip centers. The company's Class A common stock is traded on the NASDAQ National Market System.
 -0- 1/6/94
 /CONTACT: Bradley J. Stinn, chief executive officer, or John G. Call, chief financial officer, Friedman's Inc., 912-238-3411/
 (FRDM)


CO: Friedman's Inc. ST: Georgia IN: REA SU: SLS

BN-JC -- AT006 -- 6967 01/06/94 10:13 EST
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Publication:PR Newswire
Date:Jan 6, 1994
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